Bitcoin distribution pie chart analysis This pie chart depicts the distribution of the total supply of 21 million BTC of Bitcoin as of the end of 2024. The data sources include Binance Square and financial reports. It divides ownership into eight categories. The following is a concise breakdown, including percentage, absolute BTC quantity (calculated as% x 21 million), explanation, and meaning. The total percentage is 100%. Effective circulating supply: approximately 75.8% (approximately 15.9 million BTC), excluding lost and unmined portions. Main categories (in descending order) 1 person: 57% (approximately 11.97 million BTC) Retail holders hold it in their personal wallets. Implies decentralization, but carries whale risks. Calculation: 0.57 × 21 million=11.97 million. 2BTC loss: 17.6% (approximately 3.7 million BTC) Unable to access due to lost key or error. Enhance scarcity; Emphasize key security. Calculation: 0.176 × 21 million=3.7 million. 3 Not yet mined: 6.6% (approximately 1.39 million BTC) The remaining unissued rewards will be gradually mined until around 2140. Ensure predictable supply. Calculation: 0.066 × 21 million=1.39 million. 4 Satoshi Nakamoto Wallet: 5.2% (approximately 1.09 million BTC) The dormant coin of Bitcoin creators. Enhance the sense of mystery; If movement may cause fluctuations. Calculation: 0.052 × 21 million=1.09 million. 5 ETF: 3.9% (approximately 820000 BTC) Spot ETFs, such as BlackRock's. Enable mainstream access; Centralization concerns. Calculation: 0.039 × 21 million=820000. 6 companies: 3.6% (approximately 760000 BTC) Company funds (such as MicroStrategy). Verify as a hedging tool; Related to the business cycle. Calculation: 0.036 × 21 million=760000. 7 miners: 3.4% (approximately 710000 BTC) Owned by a mining company. Support network; Sales affect supply. Calculation: 0.034 × 21 million=710000. 8 Government: 2.7% (approximately 570000 BTC) Confiscation of assets (such as the United States in a strike operation). Increase legitimacy; Regulatory risk. Calculation: 0.027 × 21 million=570000. meaning Decentralization: Individual led (57%), but institutional (approximately 13.6%) growth, risk centralization. • Scarcity: Approximately 24.2% cannot be circulated, driving value. Trend: Capture the institutional surge after ETF approval in 2024. Data explanation: Based on on on chain estimation; Missing/Satoshi Nakamoto data approximation. Updated in July 2025 The chart is from 2024; The changes include: Unmined: Approximately 5.3% (approximately 1.11 million BTC). • Lost: 11-18% (2.3-3.7 million). Satoshi Nakamoto: Approximately 5.2% (approximately 1.1 million). ETF: Approximately 6.2% (approximately 1.3 million, 158 billion US dollars). • Company: approximately 4.1% (approximately 860000); MicroStrategy leads (600000). • Miners: Approximately 0.5% (about 110000) are public, with a higher total. • Government: about 2.2% (approximately 460000); Approximately 200000 in the United States. Individual: Approximately 52-53%. Institutional growth; Overall consistent with the chart.