Bitcoin Held as a Claim
How much bitcoin is demonstrably held as a claim on somebody else rather than as bearer property. Every category counts only what its holder has disclosed, so this number can only be too low.
Disclosed holdings only
Block 964,957 · Aug 31, 2026
Held as a claim — at least
9.0683%
1,820,737.35158655
Unclassified
90.9317%
18,257,256.39841345
Issued supply
20,077,993.75
Computed from the subsidy schedule at block 964,957, not fetched.
Known floor, unknown remainder
What can actually be proved
Orange is directly evidenced. The striped remainder is unclassified—not self-custody.
Disclosed claim floor
9.0683% · ₿ 1,820,737.35158655
Unclassified
90.9317% · ₿ 18,257,256.39841345
Inside the disclosed floor
Share of the floor, not share of total supply
- Held on public-company balance sheets₿ 1,041,341
57.19% of disclosed floor · 11 evidence rows · latest as of Aug 30, 2026
- Held inside spot exchange-traded funds₿ 771,640.9773
42.38% of disclosed floor · 1 evidence row · latest as of Aug 25, 2026
- Held by states₿ 7,755.37428655
0.43% of disclosed floor · 1 evidence row · latest as of Aug 26, 2026
Read the second number carefully
The remainder is NOT self-custodied bitcoin. It contains exchange balances, custodial wallets that publish nothing, coins that are lost, coins that have never moved, and coins held directly by individuals. Satoshi Gazette does not know the split and does not guess it.
What the holder actually has
3 of 3 categories · 13 primary rows
Held on public-company balance sheets
1,041,341
- The holder owns
- Shares in a company that owns bitcoin. The shareholder owns no specific coins and has no claim on them.
- Keys held by
- The company, or a custodian it appoints. Never the shareholder.
- Exit depends on
- A shareholder cannot redeem shares for bitcoin. Exit means selling the share to another buyer at whatever the market pays, which is not necessarily what the underlying bitcoin is worth.
A selected set of eleven companies verified against filings, not a complete market. The real figure is higher, which is why this is published as a floor.
Audit 11 primary-evidence rows
- Strategy Inc₿ 845,050
Aug 30, 2026 · regulatory filing
Strategy Inc Current Report on Form 8-K dated August 31, 2026Items 7.01 and 8.01; ATM Update and BTC Update tables; Aggregate BTC Holdings as of August 30, 2026
- Twenty One Capital, Inc.₿ 43,514
Jun 30, 2026 · regulatory filing
Twenty One Capital, Inc. Quarterly Report on Form 10-Q for the quarter ended June 30, 2026Part I, Item 1, Note 6 - Digital Assets, pages 15-16; Bitcoin units and outstanding balance at June 30, 2026
- Metaplanet Inc.₿ 43,000
Jun 30, 2026 · company disclosure
Metaplanet Inc. Consolidated Financial Results for the Six Months Ended June 30, 2026 (Interim) (Under Japanese GAAP)Page 4, Overview of Operating Results; Bitcoin holdings totaled 43,000 BTC as of June 30, 2026
- MARA Holdings, Inc.₿ 35,577
Jun 30, 2026 · regulatory filing
MARA Holdings, Inc. Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026Part I, Item 1, Note 5 - Digital Assets, page F-16; Total bitcoin holdings as of June 30, 2026
- Strive, Inc.₿ 23,156
Aug 28, 2026 · regulatory filing
Strive, Inc. Current Report on Form 8-K dated August 31, 2026Item 8.01; balance and shares-outstanding table comparing August 21 with August 28, 2026
- CleanSpark, Inc.₿ 12,205
Jun 30, 2026 · regulatory filing
CleanSpark, Inc. Quarterly Report on Form 10-Q for the quarter ended June 30, 2026Part I, Item 1, Note 4 - Bitcoin, pages F-13 to F-14; number of Bitcoin held at June 30, 2026
- Riot Platforms, Inc.₿ 11,380
Jun 30, 2026 · regulatory filing
Riot Platforms, Inc. Quarterly Report on Form 10-Q for the quarter ended June 30, 2026Part I, Item 1, Note 5 - Bitcoin, page 12; balance and restricted-Bitcoin reconciliation at June 30, 2026
- Hut 8 Corp.₿ 9,314
Jun 30, 2026 · regulatory filing
Hut 8 Corp. Quarterly Report on Form 10-Q for the quarter ended June 30, 2026Part I, Item 3 - Market Price Risk of Bitcoin, page 59; 17,316 consolidated BTC split between 9,314 held by Hut 8 and 8,002 held by American Bitcoin
- Block, Inc.₿ 9,117
Jun 30, 2026 · regulatory filing
Block, Inc. Quarterly Report on Form 10-Q for the quarter ended June 30, 2026Part I, Item 1, Note 11 - Bitcoin, page 24; Bitcoin investment balance at June 30, 2026
- American Bitcoin Corp.₿ 8,002
Jun 30, 2026 · regulatory filing
American Bitcoin Corp. Quarterly Report on Form 10-Q for the quarter ended June 30, 2026Part I, Item 1, Note 5 - Digital assets, pages 14-15; standalone reserve and custody/pledge split at June 30, 2026
- Cango Inc.₿ 1,026
Mar 31, 2026 · company disclosure
Cango Inc. Reports First Quarter 2026 Unaudited Financial ResultsFirst Quarter of 2026 Financial and Operational Highlights; digital asset reserves at quarter-end
Held inside spot exchange-traded funds
771,640.9773
- The holder owns
- A beneficial interest in a trust that holds bitcoin. The shareholder never holds a key.
- Keys held by
- The fund's appointed custodian. Never the shareholder.
- Exit depends on
- Redemption in kind is generally unavailable to ordinary holders. Exit means selling shares during market hours, through a broker, subject to that broker's terms.
This floor counts one fund whose sponsor publishes a daily bitcoin quantity: BlackRock's IBIT. It does not estimate the holdings of other spot products, so the category total is deliberately incomplete. A spot-fund share is often described as ordinary people owning bitcoin. Legally and operationally, the person owns a claim on a trust while the trust's custodian controls the keys.
Audit 1 primary-evidence row
Held by states
7,755.37428655
- The holder owns
- Nothing. This is state property.
- Keys held by
- The state, or an agency or contractor acting for it.
- Exit depends on
- Disposal is a political decision, not a market one. Holders of the currency the state issues have no claim on it whatsoever.
This floor counts only El Salvador's government-labelled ONBTC wallet set. It excludes states that disclose no current quantity, seized assets whose ownership or disposition is unsettled, and third-party estimates.
Audit 1 primary-evidence row
- El Salvador National Bitcoin Office₿ 7,755.37428655
Aug 26, 2026 · official disclosure
El Salvador National Bitcoin Office · ONBTC WalletGovernment-labelled ONBTC wallet endpoint; disclosed total balance at the captured block height
Method
- Why this is a floor
- Every category here can only be counted where somebody disclosed it. Nothing is inferred from address clustering, which is a heuristic that attributes coins to entities without proof. The result is a number that cannot be too high.
- What counts
- Every counted quantity must be a named entity row with its own exact BTC amount, as-of date, primary source and document locator. Only holdings disclosed by the holder in a filing, an audited report, or a direct public statement are counted. Anything requiring an inference about who controls an address is excluded, which guarantees the published figure is lower than the true one.
- Supply
- Issued supply is computed deterministically from the pinned block height using the protocol's own subsidy schedule: 50 BTC for the first 210,000 blocks, halving every 210,000 blocks thereafter. It is not fetched from a third party.
- Percentages
- Percentages are computed against issued supply at the pinned block height using exact decimal arithmetic and rounded to four places.
- Scope
- How much bitcoin is demonstrably held as a claim on somebody else, rather than as bearer property. Every category counts only what its holder has disclosed, so the total is a floor and never an estimate. This desk deliberately excludes: Exchange reserves, which require address-clustering heuristics rather than disclosure; Custodians who publish no holdings; Any inference about who controls an unlabelled address; Lost, dormant, and never-moved coins, whose status nobody can verify.
Block height from mempool.space block explorer. Corporate holdings are the same verified set published on Corporate Bitcoin Treasuries; the two pages are checked against each other on every build.