Mike Belshe’s remarks followed Strategy recording its biggest-ever Bitcoin sale, highlighting renewed attention on how concentrated ownership of the token’s supply should be.
BitGo CEO Mike Belshe said it is “probably right” for large holders to own only single-digit percentages of Bitcoin’s supply after Strategy recorded its biggest-ever Bitcoin sale. The comments point to a broader market concern around concentration risk, where a small number of holders can wield outsized influence over supply, liquidity and sentiment. Belshe’s remarks did not specify a target threshold beyond single-digit ownership, but they suggest that wider distribution of Bitcoin holdings may be viewed as healthier for the market following a large transaction by Strategy.