$668 Billion in Bitcoin Now Controlled by Institutions, Is Crypto Still Decentralized?

Description

A new report from Gemini and blockchain analytics firm Glassnode has revealed that centralized Bitcoin treasuries now control 30.9% of the circulating BTC supply. This shift, representing more than 6.1 million BTC or roughly $668 billion at current prices, marks a notable development in the evolution of the asset’s market structure. The researchers argue that such a concentration of holdings highlights a broader institutional embrace of Bitcoin over the last decade. Institutional Control and Con...