Who owns Bitcoin? Galaxy finds 55% of BTC supply remains unidentified
· news_corporations · Sentiment: bullish
Approximately 55% of Bitcoin’s total supply remains unidentified and cannot be attributed to any known entity, according to Galaxy Digital’s latest on-chain analysis. The remaining 45% is held by governments, public companies, ETFs, miners, and long-term holders, with a significant concentration among a relatively small number of large wallets. This high degree of unidentified ownership underscores Bitcoin’s pseudonymous design and suggests that the majority of BTC is either lost, deliberately concealed, or held by privacy-conscious participants. The key implication is that Bitcoin’s ownership remains far more decentralized and opaque than commonly assumed, reinforcing its censorship-resistant properties while highlighting persistent uncertainty around true supply distribution and market control.