Institutional Bitcoin Holdings Surge 924% in 10 Years, Now Comprise 31% of Total Circulating Supply
Summary
- Over the past 10 years, institutional and government Bitcoin holdings have increased by 924%, comprising 31% of the total circulating supply.
- Key ETFs such as BlackRock's IBIT, Fidelity, and Grayscale, as well as publicly listed firms like Strategy, are amassing substantial Bitcoin holdings.
- The report emphasized that while Bitcoin is maturing as a mainstream asset, it remains a high-risk asset still sensitive to volatility.
The amount of Bitcoin (BTC) held by institutions and governments has surged by 924% over the past 10 years. The total Bitcoin holdings by institutions now exceed 31% of the total supply, highlighting a clear trend of 'institutional concentration' in asset structure.
According to cryptocurrency media outlet Coinpedia on the 12th (local time), a joint research report by Gemini and Glassnode stated, "Institutional Bitcoin holdings have increased by 924% over the past 10 years," and, "Bitcoins held by institutions, governments, exchanges, and companies now total 6.1 million, which accounts for about 31% of the total circulating supply." The market capitalization of these holdings is around $668 billion.
The report states that most government-held Bitcoin was acquired through seizures or enforcement actions, with the United States holding the most at 207,189 BTC, followed by China (194,000 BTC) and the United Kingdom (61,000 BTC). Total government holdings amount to 529,705 BTC, worth about $57 billion.
In the ETF sector, BlackRock's iShares Bitcoin Trust (IBIT) ranks first with holdings of 665,638 BTC, followed by Fidelity (198,685 BTC) and Grayscale (185,203 BTC). The total ETF holdings stand at 1.39 million BTC (approximately $150 billion).
Among publicly listed companies, Strategy (formerly MicroStrategy) recorded a dominant first place, holding 582,000 BTC. Marathon Digital (49,179 BTC) and Riot Platforms (19,225 BTC) were also identified as major holders. The total holdings among public companies amount to 763,479 BTC, valued at about $82.38 billion.
Additionally, centralized exchanges currently hold about 2.5 million BTC, continuing to represent a significant proportion of total holdings.
The report assesses, "While Bitcoin is maturing as a mainstream asset, it remains a high-risk asset sensitive to macroeconomic variables and market sentiment," adding, "Volatility has somewhat decreased, but it has by no means disappeared."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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