Recent months have witnessed a surge in institutional Bitcoin (BTC) investments, with companies like MicroStrategy leading the way. This trend has seen major players such as GameStop make their first foray into BTC purchase. Research suggests that a significant portion of Bitcoin’s circulating supply is held by institutions. According to a recent study from Gemini and Glassnode, approximately one-third (30.9%) of the total Bitcoin supply, or roughly 6.1 million BTC, is currently held by these entities. These holdings are estimated to be worth $668 billion and are spread across central treasuries including governments, exchange-traded funds (ETFs), and public companies.