# What holds wrapped BTC

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

**Answer.** 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%.

## Latest values (26 Sep 2026)

| Holder type | Value |
| --- | ---: |
| Lending markets | 45.3% |
| Idle wallet balances | 34.6% |
| Other contracts | 10.0% |
| Bridge escrow | 4.7% |
| Custody, vaults & exchanges | 2.9% |
| DEX liquidity | 2.5% |

## Interpretation

Close to half of tokenized BTC sits in lending market contracts and about a third in wallets with no protocol label.

## Data

- Source: Onchain balances and contract labels — Onchain BTC Research
- Coverage: `live` (see the methodology for what this covers)
- Data through: 2026-09-26
- Series as plotted (CSV): /charts/holder-concentration/data.csv
- Series as plotted (JSON): /charts/holder-concentration/data.json
- Page: /charts/holder-concentration

- Methodology: /methodology