Net minting by issuer
Which issuers are minting wrapped BTC, and which are redeeming it?
In Aug 2026, tBTC net redeemed 506.6 BTC; net across issuers was −951 BTC.
Source: Onchain mint/burn events — Onchain BTC ResearchMethodology
View underlying data
| Month | LBTC | tBTC |
|---|---|---|
| 2025-09-01 | -944 BTC | 410 BTC |
| 2025-10-01 | 138 BTC | -538 BTC |
| 2025-11-01 | -765 BTC | 266 BTC |
| 2025-12-01 | -237 BTC | -379 BTC |
| 2026-01-01 | 423 BTC | 174 BTC |
| 2026-02-01 | -900 BTC | -216 BTC |
| 2026-03-01 | -41 BTC | 33 BTC |
| 2026-04-01 | -438 BTC | -636 BTC |
| 2026-05-01 | -859 BTC | -458 BTC |
| 2026-06-01 | -457 BTC | 147 BTC |
| 2026-07-01 | 567 BTC | -162 BTC |
| 2026-08-01 | -444 BTC | -507 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?