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Centralized treasuries, including governments and ETFs, now control nearly a third of Bitcoin’s circulating supply, according to Gemini and Glassnode. Institutional BTC holdings have surged by 924% over the past decade, signaling a major shift toward crypto adoption.
- Centralized treasuries control 6.1M BTC ($668B), 30.9% of circulating supply.
- Institutional BTC holdings grew 924% over the past 10 years.
- Gemini and Glassnode attribute the surge to demand for institutional-grade crypto infrastructure.
📎 Related coverage from: cointelegraph.com