Glassnode Co-Founder Says 6M+ BTC Sit Behind Exposed Public Keys
- Published
Glassnode co-founder Rafael Schultze-Kraft counted 6.26 million BTC behind exposed public keys, and that figure had risen by 222,000 BTC since May. Exchange-held balances made up 1.79 million BTC of the exposed supply, with exchanges accounting for 123,000 BTC of the increase. The total Bitcoin supply also grew by 64,000 BTC over the same period.
Key claims & sources
What it means
What changes in practice is the amount of Bitcoin counted as exposed onchain: the tally is now 6.26 million BTC, up from May by 222,000 BTC. What does not change in the figures is that the total Bitcoin supply also moved during the same span, increasing by 64,000 BTC.
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Where this sits in the Bitcoin series
| When | What happened | Figure |
|---|---|---|
| 1.1 years ago | BTC at $115,227 high | today it sits -34.3% from there |
| 4 months ago | BTC at $58,566 low | today it sits +29.3% from there |
From what we have stored, starting 1.1 years ago.