Over 30% Of Bitcoin Supply Controlled By Centralized Entities: Report

A new report from Gemini and Glassnode reveals that 216 centralized entities now hold over 30% of Bitcoin’s circulating supply, according to Benzinga. Institutional consolidation reflects Bitcoin’s maturation into a mainstream financial asset embraced by governments, funds, and major custodians. The report identifies 216 centralized entities that collectively hold substantial amounts of Bitcoin. These centralized entities now hold over 6.1 million BTC, a 924% increase from the 600,000 BTC held in 2015. Exchanges hold the largest share of Bitcoin at over 3 million BTC, followed by ETFs and public companies.