Analysis: Long-term holders collectively hold 14.35 million BTC, representing approximately 68.3% of the total supply.

On-chain analysis shows that 153 companies hold BTC, with 29 major listed companies accounting for 1.082 million coins; spot ETFs hold 1.311 million coins, with BlackRock leading the way; and governments hold 615,000 coins, with the United States holding the most. Long-term holders account for 68.3% of the supply.