Over 30% Of Bitcoin Supply Controlled By Centralized Entities: Report
A new report by Gemini and analytics firm Glassnode has revealed a notable shift in Bitcoin (CRYPTO: BTC) ownership structure, with centralized entities now controlling over 30% of the cryptocurrency’s circulating supply.
This institutional consolidation highlights Bitcoin’s evolution into a recognized financial asset, increasingly adopted by sovereign treasuries, regulated funds, and large-scale custodians.
Who’s holding all the Bitcoin?
The report identifies 216 centralized holders, including exchanges, ETFs, private and public companies, DeFi contracts, and government entities.
These entities collectively own more than 6.1 million BTC, an increase of 924% from the approximately 600,000 BTC held in 2015.
Exchanges alone are the largest holders, with over 3 million BTC, followed by ETFs and public companies.
“Over 30% of bitcoin’s circulating supply is now held by …
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