$BTC Gemini: centralized treasuries of Bitcoin control 31% of the BTC supply

Centralized treasuries, including governments, exchange-traded funds, and public companies, currently control nearly $668 billion of the circulating supply of Bitcoin.

Almost one third of the Bitcoin supply is in the hands and controlled by centralized treasuries, and early adopters have a disproportionate stake, according to recent research from Gemini and Glassnode.