What holds wrapped BTC

Name: What holds wrapped BTC
Creator: Onchain BTC Research

Is tokenized BTC being used, or is it sitting still?

The largest share of wrapped BTC balances by holder type is Lending markets at 45.3%, followed by Idle wallet balances at 34.6%. The three largest account for 89.9%.2026-09-26

Shares are of balances counted gross: a bridged token is held in escrow on the chain it left and held again on the chain where it was minted, so it is counted twice — once as bridge escrow. Supply charts count it once, so the base here is larger than total supply.

Source: Onchain balances and contract labels — Onchain BTC ResearchMethodology

View underlying data

Holder type against each series, in percent.
Holder type	Lending markets	Idle wallet balances	Custody, vaults & exchanges	Bridge escrow	DEX liquidity	Other contracts
Share of supply	45%	35%	2.9%	4.7%	2.5%	10%

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12 May 2026ResearchWrapped Bitcoin: lending contracts hold 45%, up from 30%Two years ago lending market contracts held 79k of the 264k BTC of wrapped Bitcoin balances this site tracks. Today they hold 146k of 321k. Wallet balances rose by 10k while the total rose by 57k.
HoldersChartWhere wrapped BTC sits, over timeIs wrapped BTC moving into use, or into wallets?

What holds wrapped BTC

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