Galaxy’s October data showed that around 55% of the Bitcoin supply cannot be linked to any known entity.
Here are the details 👇
📊 Around 11.1 million Bitcoin (nearly 55% of the supply) are not attributed to any known owner
🔐 The digital asset and cryptocurrency specialist sees this as evidence of the widespread use of “self-custody”—that is, individuals holding their own keys away from exchanges and funds$BTC
⚠️ Some of these coins may be lost because their owners forgot their keys or passed away
⛏️ Some date back to miners from Bitcoin’s early years, while others may belong to institutions or over-the-counter (OTC) trading desks
🏷️ The remaining 45% are identified: exchanges, ETF funds led by BlackRock, and the U.S. government
👑 The largest individual holder is Satoshi Nakamoto, Bitcoin’s presumed founder, who owns around 1.12 million coins
🔴 Follow us 👇$PEPE
Here are the details 👇
📊 Around 11.1 million Bitcoin (nearly 55% of the supply) are not attributed to any known owner
🔐 The digital asset and cryptocurrency specialist sees this as evidence of the widespread use of “self-custody”—that is, individuals holding their own keys away from exchanges and funds$BTC
⚠️ Some of these coins may be lost because their owners forgot their keys or passed away
⛏️ Some date back to miners from Bitcoin’s early years, while others may belong to institutions or over-the-counter (OTC) trading desks
🏷️ The remaining 45% are identified: exchanges, ETF funds led by BlackRock, and the U.S. government
👑 The largest individual holder is Satoshi Nakamoto, Bitcoin’s presumed founder, who owns around 1.12 million coins
🔴 Follow us 👇$PEPE
