$BTC Data Shows Institutional Acceleration

The Gemini × Glassnode report indicates that 216 centralized entities globally control a total of 6.1 million bitcoins, accounting for 30.9% of the circulating supply, with a ten-year increase of 924%.

Among them, ETF holdings have exceeded 1.4 million, with the largest holder being BlackRock iShares Bitcoin Trust, which holds 665,638 bitcoins. In terms of publicly listed companies, over a hundred firms, led by MicroStrategy, have included bitcoin in their financial reports, gradually normalizing this practice.