1.The base of small and medium-sized investors is expanding:24.1 million addresses have balances exceeding US$100.
2.Retail investor participation is deepening:12.6 million addresses hold positions exceeding US$1,000. 3. Growth of middle-class holders: 4.6 million addresses with a value exceeding $10,000. 4. Convergence of high-net-worth early investors: 1.05 million addresses with a value exceeding $100,000. 5. Formation of a high-net-worth Bitcoin circle: 157,000 addresses with a value exceeding $1 million. 6. The oligopoly remains: Only 19,142 addresses hold over $10 million worth of Bitcoin. How many people own Bitcoin? By 2025, approximately 106 million people worldwide will hold Bitcoin. In the United States, 28% of adults (approximately 65 million people) hold crypto assets, of which 67% are men and 33% are women. The average age of owners is approximately 45, with younger holders less dominant. However, in many developing countries, Bitcoin ownership remains low. For example, in Africa, the penetration rate is only 1.6%, with significant regional disparities. Early adopters still dominate, with those with higher education and higher incomes being more likely to hold Bitcoin.
The distribution data by holding entity category shows:
Individuals hold approximately 65.9% of the Bitcoin supply
Funds hold 7.8%
Enterprises hold 6.2%
Governments hold 1.5%
Private enterprises: holding 312,000 BTC (accounting for 1.5% of the supply)
Block.one: exclusively holding 164,000 BTC (0.7%)
ETFs and related funds
Institutional holdings reached $414 billion in August 2025, primarily driven by ETF adoption and corporate treasury strategies.
Corporate reserves surged 40% in the third quarter, valued at $117 billion.
The number of publicly listed companies holding Bitcoin has expanded to 172, with a total holding of over 1 million BTC.
MicroStrategy leads corporate holdings with 640,000 bitcoins.
As of October 2025, U.S. spot Bitcoin ETFs managed $169.48 billion in assets (6.79% of market value)
United States:23% of non-holders said that strategic Bitcoin reserves increased their confidence in the value of cryptocurrencies.
UK: 21% of respondents felt more confident due to the existence of the reserve.
France: Only 15% of non-holders felt more confident, the lowest among the countries surveyed.
Singapore: 19% of participants expressed greater trust in the stability of crypto.
Italy: 16% of respondents said that the strategic Bitcoin reserve increased their confidence.
Australia:17% of non-owners became more optimistic about the value of crypto after the reserve program.
The total number of global crypto users exceeded 716 million in 2025, a year-on-year increase of 16%, with Bitcoin accounting for the largest share of active network users.
As of October 2025, Bitcoin processed 504,508 transactions in 24 hours, equivalent to over 21,000 transactions per hour globally. The average daily transaction volume across the entire blockchain reached $28.46 billion. Despite a trend toward address centralization, network liquidity remained stable. The average daily active addresses for the year were 945,752, with the 30-day average decreasing slightly to 928,141 (a decrease of 1.86%). The crypto sector has approximately 181 million monthly active addresses, but only 40 to 70 million actual active users, an increase of approximately 10 million from 2024. Approximately 700,000 to 1 million Bitcoin addresses are active daily, equivalent to approximately 300,000 to 500,000 unique users conducting on-chain transfers daily.
As of August 2025, approximately 19.88 million Bitcoins have been mined (approximately 94.8% of the 21 million cap); between 2.3 million and 4 million BTC (11%-18% of the maximum supply) are permanently lost.
Of these, approximately 62,800 Bitcoins over seven years old were activated between January and March 2025, a significant increase from 28,000 during the same period in 2024.
The continued accumulation of long-term dormant wallets (coins that have not been moved for several years) indicates a rising "dormant supply." Dormant whale addresses, which have remained stagnant since 2010, continue to attract attention, as any unusual movement could trigger market volatility. A significant number of mined Bitcoins may never enter circulation, materially altering the effective supply. The core drivers of Bitcoin adoption: As many as 65% of Millennials and Generation Z continue to favor cryptocurrencies over traditional equity assets.
14% of non-holdersplan to enter the market in 2025,
67% of existing holdersintend to increase their holdings.
India, the United States, Pakistan, the Philippines, and Brazilare leading the global wave of crypto adoption, with US market activity surging by approximately 50% year-on-year.
The usage rate of crypto payments will increase by approximately 45% in 2025, and half of small and medium-sized enterprises will already accept Bitcoin or stablecoins for payment.
Ninety percent of Fortune 500 executives are calling for improved US crypto regulations, and 60% are exploring the application of blockchain technology.
Furthermore, despite 72% of investors holding higher education, 40% remain skeptical about the security and practicality of cryptocurrencies.
By 2025, 64 jurisdictions worldwide will have advanced digital asset legislation, achieving a 43% year-over-year increase in regulatory clarity.
The institutional adoption rate in regulated markets, such as Singapore, Hong Kong, and the European Union, is 2.3 times higher than in less regulated markets. The United States has issued four executive orders (including the March 2025 Strategic Bitcoin Reserve), driving a 35% increase in Bitcoin since its inception. The GENIUS Act (July 2025) establishes the nation's first federal stablecoin framework, mandating 100% reserves and monthly audits. The CLARITY Act clarifies the regulatory responsibilities of the SEC and CFTC for digital assets, ending a long-standing jurisdictional dispute. The new SEC regulations (September 2025) will shorten the ETF approval cycle from 270 days to 75 days, improving approval efficiency by 72% and stimulating an accelerated inflow of institutional funds. By August 2025, US crypto ETFs had assets under management of $156 billion, with net inflows of $29.4 billion in the first eight months. There are 76 listed crypto ETPs in the US, a twelve-fold increase compared to 2021 due to the relaxation of ETF regulations. According to data from the Financial Stability Board, 58% of G20 member countries have fully implemented crypto regulation (compared to only 22% in 2023). At the same time, the G20 Risk Report warns that inconsistent regulatory frameworks pose a significant risk to global stability.
By 2030, Bitcoin's total market capitalization may exceed $15 trillion, with the unit price expected to reach a range of $829,000 to $999,000.
Due to increased holdings by institutions through compliant channels, the proportion of retail holdings may drop from 85% in 2024 to 60% in 2030. After the 2028 halving, 74% of the supply may be controlled by long-term holders who have held the currency for more than one year.
As Biden’s campaign strategically decides to give minimal attention to Trump's legal battles, the nation's focus is also drawn to the ongoing trial of Hunter Biden on gun charges, less than a week after Trump's felony conviction in New York.
KikyoThe Shenzhen Local Financial Supervision Authority has issued a "Risk Warning on Speculation in Virtual Currency Trading," warning that virtual currencies lack a clear value basis.
AlexThe European Central Bank (ECB) is expected to cut its interest rate by 0.25% to 4.25% on June 6. This rate cut could boost investor interest in risk assets like Bitcoin. Bitfinex's derivatives head, Jag Kooner, told Cointelegraph: "The ECB is expected to cut rates next week to stimulate economic growth. Lower rates typically weaken the euro and increase liquidity, which can boost risk assets, including Bitcoin."
AlexWarren Buffett's Berkshire Hathaway experienced a sudden 99% stock price crash, which the NYSE attributed to a technical glitch. Former U.S. defense contractor Edward Snowden suggested that Bitcoin could solve this problem.
AlexThe coming weeks could be crucial for Worldcoin, which faces significant challenges in the EU due to a series of privacy complaints, while Spain has extended its ban on Worldcoin until year end. With ongoing regulatory scrutiny, the question arises: Is the end near for Worldcoin?
CatherineIn the recent Solana Hackathon MCM competition, four award-winning projects involved AI technology. These teams aim to apply Web3 technology to real-world problem-solving, potentially paving the way for a new trend in the Solana ecosystem beyond Memecoins.
MiyukiCryptocurrency trading platform Bitpanda announced yesterday that it has partnered with Germany's largest bank, Deutsche Bank, to provide users with real-time fiat payment services.
WeiliangCryptocurrency exchange DMM Bitcoin reported on the 31st of last month that 4,502.9 BTC were illegally transferred from its official wallet, resulting in a loss valued at 48.2 billion yen (USD 311 million). In response to this incident, the seventh largest cryptocurrency theft in history, Japan's Financial Services Agency has demanded that DMM Bitcoin provide a report on the cause of the theft and its customer compensation policy.
AlexBitcoin mining company Core Scientific announced today that it has signed a 12-year partnership agreement with cloud computing provider CoreWeave. The estimated total revenue from this agreement is expected to exceed $3.5 billion. This highlights the trend of Bitcoin mining companies actively seeking diversified revenue streams following the Bitcoin halving.
MiyukiLayerZero's self-reporting program for witch addresses officially concluded at the end of May. Today, the protocol's CEO, Bryan Pellegrino, stated that the list of witch addresses is not yet finalized, and users can still submit objections.
Weiliang