Who Holds 19% of Bitcoin Supply? Arkham Says Big Capital Will Dominate in 2026

▲ Bitcoin (BTC)

Approximately 4 million BTC, accounting for 19% of the total global Bitcoin (BTC) supply, are now held in the treasuries of major corporations and governments, firmly establishing Bitcoin as a core strategic asset in the global financial market.

According to financial media outlet NewsBTC on February 19 (local time), on-chain data analytics platform Arkham released a list of the top entities holding large amounts of Bitcoin as of 2026. Arkham’s analysis found that public companies, private firms, government agencies, and exchange-traded funds (ETFs) collectively hold more than 4 million BTC, representing about 19% of Bitcoin’s total planned supply.

In the corporate sector, Strategy, led by Chairman Michael Saylor, solidified its position as the leading publicly traded holder with 650,000 BTC. Despite recent market volatility, Saylor strengthened the company’s Bitcoin-focused treasury strategy by raising $836 million to purchase an additional 8,178 BTC. The total amount of Bitcoin held by the top 100 publicly listed companies, including Strategy, stands at 1,058,929 BTC.

ETF managers have also made notable advances, with BlackRock emerging as the world’s second-largest Bitcoin holder after the anonymous creator Satoshi Nakamoto. Traditional financial capital is accelerating its entry into the market, exemplified by JPMorgan’s $300 million investment in BlackRock’s spot Bitcoin ETF. Major asset managers such as Fidelity and 21Shares are supplying substantial liquidity to the Bitcoin market through the vast funds they oversee.

At the national level, the United States government ranks first globally, holding 323,588 BTC. Bhutan and El Salvador are also diversifying national assets by directly mining or purchasing Bitcoin, while companies such as Japan’s Metaplanet are increasing their holdings, investing $130 million into Bitcoin. The simultaneous accumulation by governments and corporations underscores Bitcoin’s growing recognition as a scarce and valuable asset.

The concentration of holdings among major capital players is seen as a sign of declining retail investor dominance and increasing institutionalization of the market. As institutional and governmental participation expands, Bitcoin is evolving beyond its earlier speculative image into a long-term store of value and an alternative asset against systemic risks. The holding strategies and capital flows of major entities are expected to become the most critical indicators shaping the future price direction of the global cryptocurrency market.

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