Markets· ★★· neutral·

Galaxy Digital research head: over half of BTC supply sits in unidentified addresses

  • —Over 50% of BTC supply is held in unidentified addresses
  • —Thorn: most bitcoin remains in self-custody
  • —Institutionalization has not displaced individual holders
Why it matters: The estimate highlights how opaque bitcoin ownership remains and how incomplete institutional holding data is.
Source: PANews