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Data: More than half of the Bitcoin supply still has no known attribution, with most possibly held by individuals through self-custody

BlockBeats reports,October 14 Galaxy Research Head of Research Alex Thorn wrote that, despite the rise in institutional and centralized holdings in recent years, more than half of the Bitcoin supply remains in addresses with no known attribution. In his view, a considerable portion—and possibly even a majority—of Bitcoin is still held by individuals through self-custody.

According to the supply attribution chart released by Galaxy Research, based on a block height of 971,382, with approximately 20098000 BTC of the supply unspent, “unattributed” holdings account for approximately 55.1%(approximately 11100000); among the attributed holdings, exchanges account for approximately 17.9%，ETF and funds for approximately 6.0%, while Patoshi (the mining pattern associated with Satoshi Nakamoto) accounts for approximately 5.6%, followed by custodians, miners, companies, and others. Among attributed holdings,Coinbase, BlackRock IBIT、Binance, Fidelity Custody, and Strategy remain among the largest.

Original link https://m.theblockbeats.info/flash/371786