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The same way Bitcoin keeps value; most of the supply never changes hand. In Bitcoin because the wallets are no longer accessible, in stock because the owners live comfortably on dividends alone.
I agree that bitcoin and stocks are both just wacky pyramid schemes but...
What wallets?
About ~~60-70%~~ 20-30% (edited, some googling returned a lot lower numbers than I remembered) of Bitcoin is estimated to be out of rotation. They reside in wallets that haven't been accessed in at least 10 years. ~~Most~~ About one million of these belong to the elusive Satoshi Nakamoto, the main developer of Bitcoin. He disappeared some 15 years ago, and nobody knows their real name, or even if it's one person or more.