Net minting by issuer
Which issuers are minting wrapped BTC, and which are redeeming it?
In Aug 2026, Other wrappers net minted 498.9 BTC while tBTC net redeemed 506.6 BTC; net across issuers was −7.7 BTC.
Source: Onchain mint/burn events — Onchain BTC ResearchMethodology
View underlying data
| Month | cirBTC | tBTC | Other wrappers |
|---|---|---|---|
| 2025-09-01 | 0 BTC | 410 BTC | -1.1k BTC |
| 2025-10-01 | 0 BTC | -538 BTC | 443 BTC |
| 2025-11-01 | 0 BTC | 266 BTC | -430 BTC |
| 2025-12-01 | 0 BTC | -379 BTC | -383 BTC |
| 2026-01-01 | 0 BTC | 174 BTC | 1.3k BTC |
| 2026-02-01 | 0 BTC | -216 BTC | -471 BTC |
| 2026-03-01 | 0 BTC | 33 BTC | 76 BTC |
| 2026-04-01 | 0 BTC | -636 BTC | -520 BTC |
| 2026-05-01 | 0 BTC | -458 BTC | -691 BTC |
| 2026-06-01 | 40 BTC | 147 BTC | -1.3k BTC |
| 2026-07-01 | 0 BTC | -162 BTC | -1.4k BTC |
| 2026-08-01 | 0 BTC | -507 BTC | 499 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?