Cryptocurrency Treasury Monopoly Pattern Emerges: 368 Institutions Hold Over $185 Billion

According to the latest on-chain data released by Sentora, there are a total of 368 entities holding cryptocurrencies worldwide. These institutions and companies collectively hold over $185 billion in cryptocurrencies, setting a new market record.

Crypto Treasuries Dominate Absolutely

Among these 368 holders, Crypto Treasury (DAT) companies stand out the most. Data shows that DAT companies control 73% of the total crypto holdings, almost occupying “half of the market.” This proportion reflects the core position of professional crypto asset management firms in the market and also indicates that institutional investors are becoming the main participants in the crypto ecosystem.

It is worth noting that among these 368 entities, there are also government agencies. The total amount of cryptocurrencies held by government institutions still accounts for over 25% of the total holdings, demonstrating the increasing importance of public sector involvement in crypto assets worldwide.

This data slice reflects a trend: cryptocurrencies are gradually evolving from being dominated by retail investors to a diverse ecosystem involving institutions and governments. As more compliant institutions enter the market, the market structure is also undergoing profound changes.