Small investors were found to hold about 9.5% of all Bitcoin.
MarketWatch reported, citing Julio Moreno, head of research at cryptocurrency market analyst CryptoQuant.
"Small investors with less than one bitcoin hold about 9.5% of all bitcoin and large investors with more than one bitcoin hold the remaining 90.5%," Moreno said.
"The proportion of small investors stood at 6.8% in early 2020 and hit an all-time high of 9.85% in December 2023," it added.
The small investor ratio has remained stagnant since peaking in December last year.
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