Bitcoin estimated at 65.7% individually held… River's remaining balance tallied

River’s Nov. 1 Bitcoin supply breakdown estimates individuals hold 13.79 million BTC, or 65.7% of the 21 million cap, after separately classifying corporates at 1.63 million BTC (7.8%), funds and ETFs at 1.50 million BTC (7.2%), and governments at 442,478 BTC (2.1%). The individual figure is a residual upper-bound estimate, calculated against the fixed supply cap rather than current circulating supply, and is not a wallet-by-wallet sum. It implies retail holdings exceed the combined corporate, fund, ETF, and government totals. The distribution matters because it frames how much supply remains outside institutional and state hands as ETFs and corporate treasuries accumulate. Watch next for updated River breakdowns and whether ETF and corporate balances keep climbing at retail’s expense.