Bitcoin’s Institutional Grip Tightens: 31% Held by Centralized Entities

A recent study reveals a growing concentration of Bitcoin (BTC) supply held within centralized entities, with almost a third now belonging to institutions and governments. Gemini and Glassnode’s research shows that central treasuries, including exchanges, funds, and public companies, control 30.9% of the circulating supply, marking a significant shift towards institutional investment in the cryptocurrency market.