Part 9/12:
The passing of Bitcoin from the early pioneers—those who mined or accumulated during the Satoshi era—is marking a major transition. Currently, about 72.7% of all circulating Bitcoin (around 14.5 million BTC) is held by long-term holders, including institutions and corporations. These entities view dips as prime opportunities for accretion, transforming early accumulated wealth into massive institutional holdings.
As of March 2026, publicly traded companies like MicroStrategy and Galaxy Digital hold over 1.13 million BTC collectively. Notably, Galaxy Digital alone amassed approximately 739,000 BTC in recent months, demonstrating a persistent institutional appetite.