[Glassnode data shows that public companies, governments, and ETFs collectively hold 5.94 million Bitcoins] Glassnode analysis indicates that among major Bitcoin holders, public companies hold approximately 1.07 million Bitcoins, government entities hold about 620,000 Bitcoins, U.S. spot ETFs hold around 1.31 million Bitcoins, and exchanges hold approximately 2.94 million Bitcoins. These entities collectively hold about 5.94 million Bitcoins, accounting for roughly 29.8% of the circulating supply, highlighting the growing trend of liquidity concentration among institutions and custodians.