Institutional Giants Strategy and Metaplanet Now Control 12.3% of All Bitcoin—Supply Squeeze Incoming?

Wall Street's digital gold rush hits unprecedented levels as institutional whales swallow Bitcoin supply.

THE BIG PLAYERS ENTER THE GAME

Strategy and Metaplanet just crossed the 12% threshold of total Bitcoin holdings—transforming from speculative dabblers into market-moving titans. Their combined vaults now represent one of the largest concentrated positions in cryptocurrency history.

SUPPLY SHOCK IMMINENT

This isn't mere accumulation—it's a strategic chokehold on available coins. With nearly one-eighth of all Bitcoin locked in institutional custody, retail investors face dwindling access to untainted supply. The once-decentralized asset now dances to the tune of corporate treasury mandates.

MARKET DYNAMICS REWRITTEN

Traditional finance finally admits what crypto natives knew for years—Bitcoin eats balance sheets for breakfast. While legacy banks still debate yield curves, these institutions bypass theoretical debates entirely by stacking actual digital assets. Because nothing convinces like performance that outperforms their entire fixed-income desk.

THE NEW GUARD TAKES CONTROL

Forget Satoshi's vision of peer-to-peer electronic cash—welcome to the era of institutional digital collateral. The very whales Bitcoin was meant to evade now steer its price discovery. Ironic, isn't it? The revolution got institutionalized, and frankly, the returns look better in a quarterly report anyway.

Entities such as ETFs, sovereign funds, and corporate treasuries now collectively hold billions of dollars worth of BTC, well over one million coins.

The rise of Bitcoin treasuries

The market’s structural transformation is captured by the rise in Bitcoin treasury companies like Strategy and Metaplanet. Strategy alone now holds over 638,400 BTC, more than 3% of the total circulating supply. At the same time, Japan’s Metaplanet has surpassed 20,000 BTC, rapidly climbing the ranks among corporate Bitcoin treasuries.

Their strategies revolve around aggressive accumulation of the Bitcoin supply, equity issuance policies tailored to buy more Bitcoin, and innovative balance sheet management to maximize exposure to BTC as a reserve asset.

Wall Street’s biggest names are also scrambling to accommodate the new wave. JPMorgan began accepting shares of Bitcoin ETFs as collateral for loans in June 2025 and partnered with Coinbase to let Chase credit card holders fund crypto purchases directly.

This continuing integration through lending, wealth management, and direct purchasing shows the level of normalization of Bitcoin in traditional finance, spelling deeper liquidity for the entire ecosystem.

And with $7.5 trillion parked in money market funds right now, just looking for a new home, institutional accumulation of the Bitcoin supply will likely go up and to the right.

Bitcoin supply shift from retail to institutions

Perhaps most striking, the concentration of Bitcoin supply is shifting away from early holders and retail investors toward funds and corporations.

Recent on-chain data reveals a dramatic change in address distribution and exchange outflows over the past two years, highlighting how large players are consolidating their share of the finite supply. As Strategy’s founder and chairman, Michael Saylor famously warned:

“The digital Gold rush ends ~January 7, 2035. Get your Bitcoin before there is no Bitcoin left for you.”

The accelerating institutional adoption is tightening liquidity, making available Bitcoin increasingly scarce and supporting higher prices during each influx.

Innovative treasury strategies from firms like Strategy and Metaplanet are setting new standards, while banking giants like JPMorgan endorse the asset more actively than ever.

This ongoing consolidation could fundamentally change Bitcoin’s narrative, as Bitcoin supply shifts from retail hands to institutional wallets.

Institutional appetite is now among the most powerful forces shaping both short-term volatility and the long-term destiny of the world’s largest crypto coin.