CryptoMoon

06/12 12:23

Over a third of Bitcoin’s circulating supply is in

Over a third of Bitcoin’s circulating supply is in instituitional hands: report
Over a third of Bitcoin’s circulating supply is now held by centralized treasuries, including centralized exchanges, exchange-traded funds, and governments.

According to the recent Gemini and Glassnode’s Report, over 30% of Bitcoin Bitcoin
btc
-1.9%
Bitcoin circulating supply is now held by just 216 centralized entities across six categories: centralized exchanges, ETFs and funds, public companies, private companies, DeFi protocols, and governments. This consolidation of Bitcoin into institutional hands coincides with its rapid price appreciation—from under $1,000 in 2015 to over $100,000 today, suggesting that major institutions now view Bitcoin as a strategic, long-term asset.

Across nearly all categories, with the exception of private companies, the top three entities hold between 65% to 90% of the total assets, reflecting the outsized role of early movers, especially in the DeFi, public company, and ETF categories, in shaping the early trajectory of institutional Bitcoin adoption.

#Check In Daily, Win Prizes Daily — Join the Fun!#Share Your Thoughts on Popular Assets in June#Post To Earn Bonus

1Condividi