Approximately 5.94 million BTC, representing 29.8% of the circulating supply, is concentrated among institutions, governments, U.S. spot ETFs, and exchanges, according to data from Glassnode. Exchanges hold the largest portion with 2.94 million BTC, followed by U.S. spot BTC ETFs with 1.31 million BTC, publicly traded companies with 1.07 million BTC, and governments with 620,000 BTC.
Institutions, exchanges hold nearly 30% of circulating Bitcoin
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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