According to a recent report from Gemini and Glassnode, centralized Bitcoin treasuries now control 30.9% of the circulating BTC supply. This significant shift, representing over 6.1 million BTC, or approximately $668 billion at current prices, highlights a growing institutional embrace of Bitcoin. (Source: Trusted Editorial, Date: June 13, 2025)
The analysis indicates a 924% increase in BTC held by centralized treasuries since 2014. These treasuries include exchange-traded funds (ETFs), public companies, government entities, and centralized custodians. During this period, Bitcoin's spot price has risen from under $1,000 to over $100,000.
The report also reveals that half of the Bitcoin under centralized control resides on centralized exchanges. The top three entities within sectors like ETFs, DeFi platforms, and publicly traded firms control between 65% and 90% of the supply allocated to their segment. Government treasuries, such as the United States, China, Germany, and the United Kingdom, have also accumulated Bitcoin through legal enforcement.