Galaxy Research Counts 11.1 Million Bitcoin (BTC) in Unattributed Addresses

Galaxy Research's October snapshot classifies 11.1 million bitcoin, 55% of mined supply, in addresses with no known exchange, fund, or government owner. This unattributed portion highlights the challenge of tracking BTC ownership and could influence market liquidity assessments. The data underscores the significant share of bitcoin held outside identifiable institutional custody, raising questions about true circulating supply and potential selling pressure.