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 uniBTC net redeemed 2.7 BTC; net across issuers was +496.2 BTC.
Source: Onchain mint/burn events — Onchain BTC ResearchMethodology
View underlying data
| Month | uniBTC | Other wrappers |
|---|---|---|
| 2025-09-01 | 205 BTC | -1.1k BTC |
| 2025-10-01 | 43 BTC | 443 BTC |
| 2025-11-01 | -905 BTC | -430 BTC |
| 2025-12-01 | 421 BTC | -383 BTC |
| 2026-01-01 | -57 BTC | 1.3k BTC |
| 2026-02-01 | -1.1 BTC | -471 BTC |
| 2026-03-01 | 1.4k BTC | 76 BTC |
| 2026-04-01 | -8.2 BTC | -520 BTC |
| 2026-05-01 | -2.8 BTC | -691 BTC |
| 2026-06-01 | -3.5 BTC | -1.3k BTC |
| 2026-07-01 | -1.3 BTC | -1.4k BTC |
| 2026-08-01 | -2.7 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?