Galaxy: 55% of Mined Bitcoin Is Not Linked to Any Known Entity
- —11.1 million BTC, or 55% of mined supply, sits in unidentified addresses
- —The other 45% belongs to exchanges, ETFs, the US government and companies
- —1,123,658 BTC in "Patoshi model" addresses are counted separately as Satoshi-linked
- —Some unidentified coins may be lost or inaccessible to their owners
Why it matters: The data suggests institutions control a smaller share of supply than ETF growth might imply.
Source: Bitcoin Sistemi EN