Bitcoin Treasuries Have Surged 448% In Two Years, Says Glassnode
Synopsis
The on-chain analytics firm noted that Bitcoin across DATs has increased to 1.08 million, from 197,000 in early 2023.
The aggregate size of Bitcoin (BTC) treasuries has grown more than 448% in the past two years, with total holdings now exceeding 1.08 million BTC, according to the on-chain analytics firm Glassnode.
Glassnode reported on X that balances across exchange traded funds (ETFs), listed firms, and major treasury wallets increased from 197,000 BTC in early 2023 to more than 1.08 million BTC as of December, indicating a steady, multi-quarter growth rather than episodic buying spurts.
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