The post Centralized Bitcoin (BTC) Treasuries Now Hold Nearly 1/3 of Total Supply appeared on BitcoinEthereumNews.com.

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 skyrocketed to 6,145,207 BTC today, which represents a whopping 924% increase over the past decade. This rapid growth demonstrates how centralized players have steadily accumulated a larger share of the network’s supply, reshaping Bitcoin’s ownership structure in favor of institutional dominance. Market Maturation According to a joint report by Gemini and Glassnode, just three entities dominate Bitcoin adoption across most institutional categories, holding between 65% and 90% of total BTC holdings. This concentration reflected how early entrants shaped the strategic direction and legitimacy of Bitcoin within institutional finance. On the other hand, private company holdings are more evenly distributed, which indicates a broader base of adoption at that level. While such dominance may decrease as institutional participation expands, the early leaders continue to play a central role in driving capital inflows and positioning Bitcoin as a credible macro asset in traditional finance. Custody has slowly shifted away from centralized exchanges toward ETFs, funds, and DeFi protocols, which now serve as primary gateways for spot market access. While balances on centralized exchanges have declined over the past two years, this does not signal a tightening supply. Instead, most of that Bitcoin has moved into custodial vehicles like US spot ETFs. The combined holdings of these spot custodians have remained relatively stable and range between 3.9 million and 4.2 million BTC since June 2021. This is indicative of a reallocation rather than a reduction in circulating supply. Despite the stability in total…

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Filed under: News - @ June 14, 2025 2:21 pm