Centralized Entities Now Control 30.9% of Bitcoin Supply, Signaling Institutional Maturity

A recent Gemini research report reveals that centralized entities, including governments, exchange-traded funds, and publicly listed companies, now control approximately 30.9% of Bitcoin’s circulating supply. This equates to around 6.1 million BTC, valued at nearly $668 billion, representing a significant 924% increase over the last decade. Notably, centralized exchanges account for roughly half of this substantial holding. The study highlights that Bitcoin wallets managed by governments tend to remain static and exhibit minimal correlation with Bitcoin’s price fluctuations. However, the sheer volume of assets held by these entities could exert considerable influence on market dynamics. This trend underscores a pivotal structural evolution in the Bitcoin ecosystem, signaling a shift towards greater institutional participation and market maturity.