Galaxy Research said in its October report that more than 11 million Bitcoin, equal to 55% of the asset’s circulating supply, cannot be linked to any known individual or institution. According to the report, the identities of the holders behind that portion of Bitcoin have not been identified by major blockchain research firms. The update was carried by Techub News and cited Crypto.news as the source. The report focuses on attribution limits in Bitcoin ownership data rather than assigning those coins to specific entities. Based on the figures cited, a majority of circulating Bitcoin remains outside the set of holdings that researchers can confidently connect to named people or organizations.
Galaxy Research said in an October report that more than 11 million BTC, or 55% of Bitcoin’s circulating supply, cannot be associated with any known individual or institution.
According to the report, that means the identities of the holders behind those coins have not been identified by major blockchain research firms. Techub News cited Crypto.news in its brief on the report.
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