Over the past decade, Bitcoin has quietly shifted from a grassroots digital asset to a powerful tool in institutional portfolios.
A recent joint analysis by Gemini and Glassnode reveals a striking figure: around one-third of all circulating Bitcoin is now held by large entities such as governments, public companies, and financial funds.
This concentration amounts to roughly 6.1 million BTC—worth more than $660 billion—tied up in centralized treasuries. It’s a sharp contrast to Bitcoin’s early days and marks a 924% rise in institutional holdings over ten years. These organizations are no longer watching from the sidelines; they’re actively positioning Bitcoin as a hedge and long-term asset.
Interestingly, sovereign wallets—the ones controlled by governments—rarely move their holdings. But when they do, even small shifts have the power to shake markets. The study also suggests that institutional involvement has brought a degree of maturity to the asset, dampening wild swings and lending a more stable character to Bitcoin’s price behavior.
Recent newcomers, including GameStop and long-time advocate MicroStrategy, reflect this growing trend. As traditional finance tightens its grip on the digital asset space, Bitcoin is increasingly being treated less like a speculative token and more like digital gold.
As Bitcoin continues its steady ascent in 2025, comparisons with the world’s largest assets are once again gaining traction.
Bitcoin is treading water near the $120,000 resistance, with persistent bids around $116,000 offering a firm base—but failing to ignite fresh upside momentum.
Michael Saylor, executive chairman of Strategy, has revealed that the company has acquired an additional 21,021 Bitcoin for approximately $2.46 billion, paying an average price of $117,256 per BTC.
As Bitcoin continues to consolidate above $100K, a critical market signal is flashing: BTC funding rates remain elevated, even as price action cools.