Over 82% of all mined Bitcoin is now held by wallets that possess about 10 BTC, showing increasing concentration among large holders. 

While smaller investors continue to exit during price rallies, major holders are steadily accumulating more Bitcoin, strengthening their grip on the entire Bitcoin market. 

Bitcoin wealth distribution is gradually becoming lopsided, with recent data showing that the largest amount of supply is controlled by a few wallets with at least 10 BTC. This could technically mean that more Bitcoin is ending up in the hands of fewer people, raising concerns about growing control in the market.

As Bitcoin moves closer to mainstream adoption, the question of who really controls its supply becomes more pressing than ever.

Bitcoin Supply Concentration and Strategic Investor Behavior

According to data shared on the 13th of May by Santiment, wallets with at least 10 BTC worth about $1 million or more control over 82.51% of the total supply of mined Bitcoin.

The data highlights that 17.5% of Bitcoin belongs to wallets that hold less than $1 million worth of Bitcoin, and wallets with 100 BTC or more, valued at over $10 million, own more than 60% of the total Bitcoin in supply. The group that holds 10 to 100 BTC comprises small institutions, while those with more than 100 BTC are mostly big investors and liquidity providers, and a few large individual holders too.

Bitcoin Wealth Gap Widens as Wallets with 10+ BTC Control Over 80% of Total Supply 3

source: insights.santiment.net
As of the time of writing, it has been recorded that over 19.86 million bitcoins have been mined out of the total 21 million bitcoins to be mined. This basically means that there are about 1.14 million coins remaining to be created, and the span of creation would spread across the next 15 years. So far, 94.57% of Bitcoin is already in circulation, and the final coins are not expected until around 2140.

A while ago, research was done to know how many individuals use Bitcoin. The research covered a survey that was conducted in September 2021 with 10,371 adults in the U.S. According to the survey, 16% of people had either invested in, traded, or used cryptocurrency. For people aged between 18 and 39, the number was much higher, reaching 43%.

In all of this, while many small investors keep selling due to excitement and little rise in price, larger holders are quietly buying, giving them more control over the market.

Read More: Dogecoin (DOGE) Could Reach $0.40 If This Resistance Level Is Cleared

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Filed under: Bitcoin - @ May 16, 2025 12:00 am