Gemini: Nearly a Third of Bitcoin’s Circulating Supply Is Held by Centralized Entities

Gemini: Nearly a third of bitcoin’s circulating supply is held by centralized entities

Major institutional and custodial entities hold over 6,145,000 bitcoin, worth more than $600 billion....

Centralized Bitcoin (BTC) Treasuries Now Hold Nearly 1/3 of Total Supply – MAXBIT

Centralized Bitcoin treasuries now hold 30.9% of the total circulating supply, according to a new report by Gemini. This concentration, which spans across 216 entities that include governments, exchange-traded funds (ETFs), public and private companies, centralized exchanges, and DeFi contracts, ultimately indicates growing institutional maturity and adoption. The total amount of BTC held by major...

Centralized Bitcoin (BTC) Treasuries Now Hold Nearly 1/3 of Total Supply

Centralized Bitcoin treasuries now hold 30.9% of the total circulating supply, according to a new report by Gemini. This concentration, which spans across 216 entities that include governments, exchange-traded funds (ETFs), public and private companies, centralized exchanges, and DeFi contracts, ultimately indicates growing institutional maturity and adoption. The total amount of BTC held by major institutional and custodial entities has skyrock…