Who Owns 55% of the Bitcoin Supply? The Unsolved Mystery Behind 11.1 Million Bitcoins
Key Highlights: Research suggests that an estimated 11.1 million Bitcoin remain outside identified corporate, exchange, or government custody, indicating the enduring prevalence of individual self-custody. Known holders constitute roughly 45 percent of the supply, including centralized exchanges, spot ETFs, corporate treasuries, the U.S. government, and the roughly 1,123,658 BTC linked to Satoshi Nakamoto’s “Patoshi model” ...