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

Description

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 who...