Financial services firm River has published a “Bitcoin Ownership Distribution” snapshot dated July 14, 2025, illustrating how the 21 million bitcoin supply is allocated across distinct holder classes. River accompanied the graphic with the statement: “The people had 15 years to front-run Wall Street on Bitcoin. Now big business is starting to catch on, but they’ll have to pay up to get their share.” Analyst TFTC added: “67% of Bitcoin is still owned by individuals. Wall Street, governments, and corporations? Just 13.8%.”
Each percentage in the image sums to a complete distribution across current holders, lost coins, and the remaining unmined issuance. By separating lost supply, unmined coins and the early Satoshi/Patoshi cluster from active market participants, the data emphasize the scarcity available for new institutional accumulation and underpin River’s framing that “big business” must “pay up” to acquire meaningful exposure.
Recent market structure reinforces that message. Corporate and fund participation has accelerated in 2025, with new “Bitcoin treasury” vehicles, US spot exchange-traded products and specialist firms emerging to intermediate balance-sheet allocations.
At press time, BTC traded at $116,451.
