Over 11 million bitcoin held in addresses with no known owner, Galaxy Research says

About 11.1 million bitcoin, roughly 55 percent of the roughly 20.1 million mined, are held in addresses that Galaxy Research cannot link to an exchange, fund, government or other known entity. The unidentified holdings suggest that individuals using self-custody may still control much of Bitcoin's supply despite growing institutional adoption. The total may also include lost coins, unidentified institutional holdings and assets distributed across complex custody arrangements.