TechFlow news, according to Glassnode data, the total combined BTC balance of all major on-chain entities is approximately 4.23 million, accounting for 27% of the adjusted circulating supply (i.e., total supply minus BTC idle for over seven years). This includes:
U.S. spot ETFs holding 862,000 bitcoins;
Mt. Gox trustee holding 141,000 bitcoins;
U.S. government holding 207,000 bitcoins;
All exchanges holding 2.3 million bitcoins;
Miners (excluding Patoshi) holding 706,000 bitcoins.





