Big Players Snag Over a Third of Bitcoin's Supply: A Power Shift in Crypto!

Institutional Giants Flex Their Muscles in the Bitcoin Arena

Hang onto your hats, crypto fans! Over a third of Bitcoin's circulating supply has been scooped up by centralized treasuries. We're talking centralized exchanges, ETFs, funds, and even governments getting in on the action.

The latest buzz from Gemini and Glassnode's Report is blowing minds—over 30% of Bitcoin is now locked down by just 216 heavy hitters spread across six categories. From centralized exchanges to DeFi protocols, these big shots are piling into Bitcoin like it's going out of style. And guess what? Bitcoin's price has skyrocketed from under a grand in 2015 to a whopping $100,000 today. It's clear these institutions see Bitcoin as a golden goose for the long haul.

Get this: in almost every category, except for private companies, the top three players are holding onto a whopping 65% to 90% of the stash. Early movers are calling the shots, especially in DeFi, public companies, and ETFs, steering the ship on institutional Bitcoin adoption.

Now, hold up, you might've heard the buzz about Bitcoin balances dropping on CEXs over the last two years. Some folks thought it meant a supply crunch was coming, but nah, that's not the full story. Most of that Bitcoin just took a detour to ETFs and funds, especially those hot U.S. spot ETFs.

Since June 2021, the Bitcoin stash held by these spot trading maestros has stayed pretty steady, bouncing between 3.9 million and 4.2 million BTC. This ain't about less Bitcoin; it's about who's holding the keys. ETFs are gobbling up more, signaling TradFi's growing appetite, but the total juice for spot buyers? It's still flowing strong.

Oh, and here's a kicker—the creation of the U.S. Strategic Bitcoin Reserve has the big dogs feeling even more bullish about Bitcoin. Since the SBR went live, public and private companies have been snapping up Bitcoin like it's Black Friday.

Bottom line, folks: with over 30% of Bitcoin's circulating supply in centralized hands, we're seeing a major shift in the game. Long-term bets and strategic moves are reshaping the market. Early adopters are still the kings of the hill, but Bitcoin's new status as a top-tier asset—thanks to the SBR—has got institutions all fired up. Even as the custody game shifts from exchanges to ETFs and other vaults, the supply for spot trading? It's holding steady, baby.