Net minting by issuer, monthly
Which issuers are minting wrapped BTC, and which are redeeming it?
In Aug 2026, cbBTC net minted 2,649 BTC while Other wrappers net redeemed 610.1 BTC; net across issuers was +981.3 BTC.
Source: Onchain mint/burn events — Onchain BTC ResearchMethodology
View underlying data
| Month | WBTC | cbBTC | LBTC | tBTC | Other wrappers |
|---|---|---|---|---|---|
| 2025-10-01 | -381 BTC | 10.0k BTC | 155 BTC | -534 BTC | 1.6k BTC |
| 2025-11-01 | -1.7k BTC | -67 BTC | -737 BTC | 268 BTC | 3.6k BTC |
| 2025-12-01 | 65 BTC | 4.5k BTC | -197 BTC | -376 BTC | -804 BTC |
| 2026-01-01 | -82 BTC | 2.7k BTC | 432 BTC | 175 BTC | 190 BTC |
| 2026-02-01 | -4.9k BTC | 9.8k BTC | -901 BTC | -217 BTC | -1.6k BTC |
| 2026-03-01 | -1.0k BTC | 388 BTC | -41 BTC | 33 BTC | 1.8k BTC |
| 2026-04-01 | -1.4k BTC | -11.0k BTC | -440 BTC | -635 BTC | -1.4k BTC |
| 2026-05-01 | -2.2k BTC | 7.8k BTC | -858 BTC | -458 BTC | -627 BTC |
| 2026-06-01 | -199 BTC | 5.1k BTC | -455 BTC | 145 BTC | -1.1k BTC |
| 2026-07-01 | 23 BTC | 6.0k BTC | 568 BTC | -161 BTC | -57 BTC |
| 2026-08-01 | -109 BTC | 2.6k BTC | -444 BTC | -504 BTC | -610 BTC |
Related
- ResearchWBTC vs cbBTC: cbBTC added 42k BTC in a year while most others shrankTokenized Bitcoin supply on the covered chains rose from 271k to 300k BTC over the trailing year. cbBTC grew by 42k; WBTC, tBTC, LBTC, SolvBTC and the smaller wrappers together shrank by 13k.
- MovementChartWhere wrapped BTC sits, by chainWhich chains hold tokenized BTC, and how concentrated is that distribution?