Over 80% of Bitcoin is Held by Wallets With 10 BTC or More: Santiment

Bitcoin (BTC) as a store of value is gaining momentum from giant institutions, as a recent report shows they’re accumulating the coin to hedge against inflation and economic uncertainties.

According to Santiment, the current amount of mined Bitcoin is just over 19.86 million coins; apparently, over 80% is owned by wallets with 10 or more BTC.

In addition, wallets with 100 BTC or more control 60.84% of the total Bitcoin as of May 13th, 2025. Only 17.5% of Bitcoin is held by wallets holding less than 10 BTC.

Notably, the total Bitcoin supply is capped at 21 million, based on the 19.86M BTC reported to be in circulation, and the remaining BTC to be mined is around 1.14 million BTC.

“This means that 94.57% of bitcoins have been mined, and 5.43% remain to be mined over the next 15 years. The last Bitcoin won’t be mined until sometime around the year 2140,”

the report stated.

Big Institutions are Accumulating More Bitcoin

Furthermore, the report explained that big Institutions are accumulating Bitcoin daily and holding it for a long time, probably as a store of value.

For example, on May 12, 2025, Strategy (formerly MicroStrategy) announced that it had acquired 13,390 BTC for $1.34 billion at $99,856 per bitcoin, bringing its total holding to 568,840 BTC, which was acquired for $39.41 billion at $69,287 per bitcoin.

Similarly, Metaplanet Inc., a Japanese company, purchased 1,241 BTC for $126.7 million, bringing the company’s total holdings to 6796 BTC, surpassing the national holdings of El Salvador and other countries.

The Japanese company announced on its X account on May 13th, 2025, that it has issued $15 million in 0% Ordinary Bonds to purchase an additional $BTC.

More giant institutions are strategically adding Bitcoin to their portfolios, including BlackRock, which holds 625,736.1 as of May 13, 2025.

“Retail investors, on the other hand, have shown a tendency to take profits during market rallies, leading to a redistribution of Bitcoin holdings toward institutional entities,”

the report stated.

Historically, when prices retrace, small retailers quickly activate their selling buttons to take profit, whilst big investors see the opportunity to stack Bitcoin for big future profit.

Bitcoin Could Hit $200K by the End of the Year

This year, Bitcoin has seen many predictions for its next all-time high (ATH); some predict it could hit $250k by the end of this year, while some predict $500K to $1 million this current market cycle or by the end of 2028.

Recently, Bitwise’s CIO also predicted that Bitcoin would eclipse $200,000 by the end of the year.