Centralized Bitcoin treasuries hold 31% of BTC supply: Gemini

Centralized treasuries, including governments, ETFs and public companies, now control approximately $668 billion of Bitcoin’s circulating supply.

Almost a third of the Bitcoin supply is held and controlled by centralized treasuries, and early adopters hold a disproportionate share, according to recent research by Gemini and Glassnode. 

Centralized treasuries, including governments, exchange-traded funds, and public companies, now control 30.9% of the circulating supply of Bitcoin (BTC), “signaling a growing shift toward institutional-grade infrastructure,” noted researchers in a report on Wednesday.

The total Bitcoin held across major institutional and custodial entities has surged to 6.1 million BTC, worth around $668 billion at current prices, representing an increase of 924% in supply held by these entities over the past decade, they reported.

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