ChainCatcher message, glassnode analysis states that the holdings of major Bitcoin holder types are as follows: Public companies: approximately 1.07 million Bitcoins, government agencies: approximately 620,000 Bitcoins, US spot ETF: approximately 1.31 million Bitcoins, exchanges: approximately 2.94 million Bitcoins. These institutions collectively hold approximately 5.94 million Bitcoins, accounting for about 29.8% of the circulating supply, highlighting the trend of increasing liquidity concentration among institutions and custodians.