Over the past decade, Bitcoin has quietly shifted from a grassroots digital asset to a powerful tool in institutional portfolios.
Bitcoin has quietly shifted from a grassroots digital asset to a powerful tool in institutional portfolios over the past decade.
A recent joint analysis by Gemini and Glassnode sheds light on this evolution, revealing that approximately one-third of all circulating Bitcoin is now held by large entities such as governments, public companies, and financial funds.
This concentration, which amounts to around 6.1 million BTC (more than $660 billion), is locked away in centralized treasuries. It stands in stark contrast to Bitcoin's early days and represents a 924% increase in institutional holdings over ten years. These organizations are no longer observing from the sidelines; they are actively positioning Bitcoin as a hedge and long-term asset in their portfolios.
Recent additions to the institutional fold, including video game retailer GameStop and long-time MicroStrategy, highlight this ongoing shift.
As traditional finance delves deeper into the digital asset domain, Bitcoin is gradually being viewed less like a speculative token and more like digital gold, an asset that is valued for its scarcity and stability.
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