Bitcoin News
By Sakamoto Nashi
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A new report by Gemini and Glassnode reveals that centralized entities now hold almost a third of Bitcoin’s circulating supply.
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The report highlights the rapid rise in Bitcoin holdings among centralized and institutional treasuries over the past decade.
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This transformation is not just about quantity—it’s about the nature of ownership. Institutional investors bring a level of credibility and long-term commitment that contrasts…
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The report breaks down centralized Bitcoin holdings into several categories:
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Interestingly, centralized exchanges account for the largest share of these holdings. However, it's important to note that much of this Bitcoin is held on behalf of retail users…
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Among the institutional holders, the top three entities in each category control between 65% and 90% of the total BTC held.
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Sovereign governments also appear in the report. The Bitcoin held by the United States, China, Germany, and the United Kingdom is mostly acquired through legal seizures rather…
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The researchers describe these holdings as “structurally distinct”—they’re dormant, yet possess the potential to move markets when activated.
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The centralization of Bitcoin supply may raise concerns about the original decentralized vision of Bitcoin.
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This could be beneficial for long-term investors and regulators alike. The increasing involvement of major financial institutions and governments could lead to more favorable…
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On the flip side, the concentration of BTC in fewer hands also presents a risk. If these large holders decide to sell or shift assets, it could lead to sudden market volatility.
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Bitcoin has come a long way from being a niche digital currency. With over 30% of its supply now held by centralized treasuries, the market is clearly undergoing a transformation.
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As Bitcoin continues to evolve, the role of centralized institutions will likely grow even further. For investors, understanding this dynamic is crucial.
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