A new report reveals that centralized Bitcoin treasuries now control nearly one-third of the total circulating supply. Institutional and government holdings have surged by 924% over the past decade, reshaping BTC’s ownership landscape. Custodial shifts toward ETFs and DeFi highlight evolving market dynamics.
- Three major entities dominate 65-90% of institutional Bitcoin holdings, shaping early adoption trends.
- US government holds over 200,000 BTC, largely from seizures like Silk Road and Bitfinex cases.
- Custodial Bitcoin has shifted from exchanges to ETFs/DeFi, with stable holdings but high inflow volatility.
📎 Related coverage from: cryptopotato.com
