📊 Bitcoin Supply Is Getting Concentrated
Here’s how major holders stack up:
• Public companies: ~1.07M BTC
• Governments: ~0.62M BTC
• U.S. spot ETFs: ~1.31M BTC
• Exchanges: ~2.94M BTC
That’s ~5.94M $BTC , nearly 30% of circulating supply, now held by institutions, governments, ETFs, and custodians.
