#BitcoinActivityPicksUp an analysis by Glassnode reveals the distribution of Bitcoin holdings among major institutional types. Public companies hold approximately 1.07 million Bitcoins, government agencies possess around 620,000 Bitcoins, U.S. spot ETFs have about 1.31 million Bitcoins, and exchanges account for roughly 2.94 million Bitcoins. Collectively, these entities hold approximately 5.94 million Bitcoins, representing about 29.8% of the circulating supply. This data underscores the growing trend of liquidity concentration among institutions and custodians.