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Key Highlights:
Strategic Bitcoin reserve (SBR): Established on March 6, 2025, integrating Bitcoin into national reserves
Institutional holdings: Strategy acquired 13,390 BTC, totaling 568,840 BTC, and Metaplanet purchased 1,241 BTC for $126 million
Ownership concentration: Wallets with over 100 BTC hold 60.84% of supply, and those holding over 10 BTC account for 82.51%
Retail impact: Over 80% of Bitcoin is held in wallets holding $1 million or more, affecting market access for smaller investors