現在，所有流通比特幣中有三分之一由機構投資者持有

在過去的十年中，比特幣已悄悄地從基層數字資產轉變為機構投資組合中的強大工具。

Bitcoin has quietly shifted from a grassroots digital asset to a powerful tool in institutional portfolios over the past decade.

在過去的十年中，比特幣已從基層數字資產轉變為機構投資組合中的強大工具。

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.

Gemini和GlassNode最近的聯合分析闡明了這一進化，表明所有流通的比特幣中約有三分之一由政府，上市公司和金融基金等大型實體持有。

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.

這種集中度約為610萬BTC（超過6600億美元），被鎖定在集中的國庫中。它與比特幣的早期形成鮮明對比，十年來機構持有量增長了924％。這些組織不再從場外觀察到。他們正在積極將比特幣定位為對沖和長期資產的投資組合。

Recent additions to the institutional fold, including video game retailer GameStop and long-time MicroStrategy, highlight this ongoing shift.

機構折疊的最新添加（包括視頻遊戲零售商GameStop和長期的MicroStrategy）強調了這一持續的轉變。

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.

隨著傳統金融對數字資產域的深入研究，比特幣逐漸被視為投機式令牌，而更像是數字黃金，這是一種因其稀缺性和穩定性而受到重視的資產。