How much BTC can we still buy in the future? Currently, there are 153 companies holding BTC with a 'non-zero balance.' Among them, the most notable are the 29 publicly listed companies mentioned by Ni Da, which collectively hold 1.082 million BTC (of which 'Other' holds 54,331 BTC). (Figure 1) From Figure 1, we can see that as of October 6, there were only 67 companies holding BTC with a 'non-zero balance.' However, with BTC's deep pullback, this number suddenly surged, and as of yesterday, it had reached 153 companies. (Figure 2) In addition to the BTC reserves held by physical companies, spot ETFs currently hold 1.311 million BTC. The top three holders are: BlackRock with 777,000 BTC, Fidelity with 202,000 BTC, and Grayscale with 167,000 BTC (Figure 2). (Figure 3) Moreover, governments worldwide collectively hold 615,000 BTC (Figure 3). Among them, the U.S. government holds 325,000 BTC, ranking first. Interestingly, the Chinese government holds 190,000 BTC, second only to the U.S. The Chinese government has never officially announced holding BTC in any form, so it’s unclear how Glassnode came up with this data. (Figure 4) Additionally, there are 3.409 million BTC on-chain that haven’t moved in over 10 years (Figure 4). Apart from cold wallets of some old exchanges and true OG believers, many of these likely belong to 'lost private keys or deceased owners,' including Satoshi Nakamoto’s 1 million+ BTC. Publicly listed companies: 1.082 million, Spot ETFs: 1.311 million, Satoshi Nakamoto: 1 million+, Estimated lost coins: 2 million. All long-term holders collectively own 14.35 million BTC... So... how much BTC can we still buy in the future? ---------------------------------------------- This post is sponsored by @Bitget｜ Bitget VIP: Lower fees, bigger perks.