30% of bitcoin’s supply is held by centralized entities: Gemini
The post 30% of bitcoin’s supply is held by centralized entities: Gemini appeared on BitcoinEthereumNews.com. This is a segment from the Empire newsletter. To read full editions, subscribe. 30% of bitcoin is now held by centralized entities. Pretty wild, especially if you rewind to the past couple of years and remember how much of a dream it was to even think that we’d get something like a Strategic Bitcoin Reserve. But it also might be a good thing, from a volatility perspective, a report from Gemini and Glassnode noted. “With 30.9% of bitcoin’s circulating supply now held in centralized treasuries — including governments, ETFs, public companies, and centralized exchanges — the market has undergone a structural transformation toward institutional maturity,” the report said. “As adoption has broadened, particularly across sovereign and regulated financial entities, annualized realized volatility across all time frames — from 1-week to 1-year — has declined consistently since 2018.” We’re now more likely to see “more sustained and orderly rallies” versus the spikes we used to see. That 30% figure means that there are 216 entities holding BTC, the report noted. Source: Gemini and Glassnode While no one holds a candle to the amount of bitcoin held by exchanges, it’s surprising (and yet also not surprising, if you know what I mean?) that public companies are the most numerous. I believe the pale yellow is a typo and should say ETF/Funds. Yep, you read that right, 101 companies. Those firms hold a total of 765,300 bitcoins, which is a hefty amount, but they are still only third behind ETF/Funds, which hold 1.3 million bitcoins. Exchanges easily take the lead with over 3 million bitcoin. “Across nearly all institutional categories — excluding private companies — the top three entities control between 65% to 90% of total holdings, underscoring the dominance of early adopters in the Bitcoin treasury space,” the report said. “This pattern…
The post 30% of bitcoin’s supply is held by centralized entities: Gemini appeared on BitcoinEthereumNews.com.
This is a segment from the Empire newsletter. To read full editions, subscribe. 30% of bitcoin is now held by centralized entities. Pretty wild, especially if you rewind to the past couple of years and remember how much of a dream it was to even think that we’d get something like a Strategic Bitcoin Reserve. But it also might be a good thing, from a volatility perspective, a report from Gemini and Glassnode noted. “With 30.9% of bitcoin’s circulating supply now held in centralized treasuries — including governments, ETFs, public companies, and centralized exchanges — the market has undergone a structural transformation toward institutional maturity,” the report said. “As adoption has broadened, particularly across sovereign and regulated financial entities, annualized realized volatility across all time frames — from 1-week to 1-year — has declined consistently since 2018.” We’re now more likely to see “more sustained and orderly rallies” versus the spikes we used to see. That 30% figure means that there are 216 entities holding BTC, the report noted. Source: Gemini and Glassnode While no one holds a candle to the amount of bitcoin held by exchanges, it’s surprising (and yet also not surprising, if you know what I mean?) that public companies are the most numerous. I believe the pale yellow is a typo and should say ETF/Funds. Yep, you read that right, 101 companies. Those firms hold a total of 765,300 bitcoins, which is a hefty amount, but they are still only third behind ETF/Funds, which hold 1.3 million bitcoins. Exchanges easily take the lead with over 3 million bitcoin. “Across nearly all institutional categories — excluding private companies — the top three entities control between 65% to 90% of total holdings, underscoring the dominance of early adopters in the Bitcoin treasury space,” the report said. “This pattern…
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