The concentration of Bitcoin is taking shape. Based on on-chain data analysis, the control exerted by major institutions and organizations over BTC is noteworthy.



Specifically, publicly listed companies currently hold approximately 1.07 million BTC; national governments reserve about 620,000 BTC; the US spot Bitcoin ETF is growing rapidly, accumulating up to 1.31 million BTC; and exchanges hold the largest amount, around 2.94 million BTC.

These four major types of holders collectively control 5.94 million Bitcoins, accounting for nearly 30% of the total circulating supply on the network — specifically, 29.8%. What does this proportion imply? Liquidity is concentrated in a few players, and market pricing power is increasingly shifting towards institutions. Whether it's ETF adoption, government strategic reserves, or exchange clearing rights, all are shaping the future trend of BTC.
BTC-0.15%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
quiet_lurkervip
· 8h ago
Oh no, we're really about to get cut, and retail investors are still sleepwalking.
View OriginalReply0
TheMemefathervip
· 8h ago
That's why it's becoming increasingly difficult for retail investors. 29.8% is controlled by the big players, and we don't even get a sip of the soup.
View OriginalReply0
YieldWhisperervip
· 8h ago
nah wait, let me actually run the numbers here... 29.8% sounds scary until you realize the other 70% is still out there. exchange custody being the biggest chunk doesn't even surprise me anymore, saw this exact consolidation pattern back in 2017 too
Reply0
Layer2Arbitrageurvip
· 8h ago
honestly the 29.8% figure is doing some heavy lifting here... but have you actually run the math on exchange custody vs actual circulating supply? because those CEX bags aren't all liquid and you know it. the real arbitrage window is in how governments and ETFs move differently — one's locked in strategic holdings, the other's chasing yield. very different delta profiles imo.
Reply0
YieldFarmRefugeevip
· 8h ago
Hmm... 2.94 million tokens on the exchange. That number just doesn't seem right.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)