Net minting by issuer
Which issuers are minting wrapped BTC, and which are redeeming it?
In Aug 2026, cbBTC net minted 2,650 BTC while enzoBTC net redeemed 1,103 BTC; net across issuers was +1,398 BTC.
Source: Onchain mint/burn events — Onchain BTC ResearchMethodology
View underlying data
| Month | WBTC | cbBTC | cirBTC | enzoBTC |
|---|---|---|---|---|
| 2025-09-01 | -163 BTC | 4.6k BTC | 0 BTC | -521 BTC |
| 2025-10-01 | -419 BTC | 10.0k BTC | 0 BTC | 851 BTC |
| 2025-11-01 | -1.6k BTC | -67 BTC | 0 BTC | 3.6k BTC |
| 2025-12-01 | 30 BTC | 4.5k BTC | 0 BTC | -665 BTC |
| 2026-01-01 | 31 BTC | 2.7k BTC | 0 BTC | 900 BTC |
| 2026-02-01 | -4.9k BTC | 9.8k BTC | 0 BTC | 0.0 BTC |
| 2026-03-01 | -1.1k BTC | 388 BTC | 0 BTC | 100 BTC |
| 2026-04-01 | -1.5k BTC | -11.0k BTC | 0 BTC | 0 BTC |
| 2026-05-01 | -2.3k BTC | 7.8k BTC | 0 BTC | 0 BTC |
| 2026-06-01 | -185 BTC | 5.1k BTC | 40 BTC | 105 BTC |
| 2026-07-01 | -27 BTC | 6.0k BTC | 0 BTC | 1.3k BTC |
| 2026-08-01 | -148 BTC | 2.6k BTC | 0 BTC | -1.1k 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?