Bitcoin held through disclosed claims
How much bitcoin is held through disclosed claims on somebody else rather than as bearer property. The floor adds each holder’s latest disclosure, each as of its own date, against the bitcoin issued at one pinned block. Holders that disclose nothing are left out; one that sold since its disclosure could hold less.
Disclosed holdings only
Block 969,248 · Sep 30, 2026
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Each holder’s latest disclosure, positions dated 30 June to 27 September 2026, against issued supply at block 969,248.
- Supply observed on
- Earliest position as of
- Review date
- Not supplied
A holder that sold after its disclosure could hold less at the pinned block; the floor counts what each disclosure states as of its own date.
The unclassified remainder is not evidence of self-custody.
Claims floor — at least
8.8895%
1,786,026
Each holder’s latest disclosure, dated Jun 30, 2026 to Sep 27, 2026; issued supply at block 969,248.
Unclassified
91.1105%
18,305,376
Issued supply
20,091,403
Computed from the subsidy schedule at block 969,248, not fetched.
Known floor, unknown remainder
What the disclosures show
Orange is the sum of dated disclosures. The striped remainder is unclassified—not self-custody.
Claims floor
8.8895% · ₿ 1,786,026
Unclassified
91.1105% · ₿ 18,305,376
Inside the claims floor
Share of issued supply, then share of the floor
- Held on public-company balance sheets₿ 1,043,987
5.1961% of issued supply · 58.45% of the floor · 11 evidence rows · latest as of Sep 27, 2026
- Held inside spot exchange-traded funds₿ 734,261
3.6546% of issued supply · 41.11% of the floor · 1 evidence row · latest as of Jun 30, 2026
- Held by states₿ 7,778.3
0.0387% of issued supply · 0.43% of the floor · 1 evidence row · latest as of Sep 18, 2026
Each part is cut separately, never rounded up, so the shares of issued supply add to 8.8894% against the 8.8895% total, and the shares of the floor add to 99.99% rather than 100%.
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
1,043,987
- 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. Companies outside the set are not counted, and a counted company may have bought or sold since the disclosure its row is dated by.
Audit 11 primary-evidence rows
- Strategy Inc₿ 847,666
Position as of Sep 27, 2026 · regulatory filing
Strategy Inc Current Report on Form 8-K dated September 28, 2026Item 8.01; BTC Update table; Aggregate BTC Holdings as of September 27, 2026
- Twenty One Capital, Inc.₿ 43,514
Position as of 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
Position as of 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
Position as of 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
Position as of 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
Position as of 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
Position as of 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
Position as of 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
Position as of 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
Position as of 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.₿ 1,056
Position as of Jun 30, 2026 · company disclosure
Cango Inc. Reports Second Quarter 2026 Unaudited Financial ResultsSecond Quarter 2026 Financial and Operational Highlights; digital asset reserves held at quarter-end
Held inside spot exchange-traded funds
734,261
- 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, BlackRock's iShares Bitcoin Trust (IBIT), at the bitcoin quantity its latest quarterly report on Form 10-Q states. The fund's holdings move daily as shares are created and redeemed, so the filed figure can be above or below what it holds today. Other spot products are not counted, 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
7,778.3
- 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₿ 7,778.37428655
Position as of Sep 18, 2026 · official disclosure
El Salvador National Bitcoin Office · ONBTC WalletGovernment-labelled ONBTC wallet endpoint; disclosed total balance at the captured block height
Method
- What the floor sums
- The floor adds each holder's latest disclosure, each as of its own date, and takes the sum against the bitcoin issued at one pinned block. The block pins the denominator only. Holders that disclosed nothing, custodians that publish nothing and every exchange are left out, which is why the figure is a floor on disclosed positions rather than an estimate. It is not a guarantee about the pinned block: a holder that sold after its disclosure could hold less by then, and one that bought could hold more. Nothing is inferred from address clustering, a heuristic that attributes coins to entities without proof.
- 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, so no undisclosed holding can enter the figure.
- 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. The floor is cut to four places, never rounded up, and the unclassified remainder is 100 minus it, so the two always sum to 100. The pinned block is never older than the newest disclosure the floor counts; older disclosures keep their own dates.
- How figures are printed
- Headline figures and composition shares on this page are shortened for reading, never rounded up: whole bitcoin above 10,000, one decimal between 100 and 10,000, every satoshi below that. A printed figure is therefore never larger than the disclosure it came from — the direction a floor must never be wrong in. The audited entity rows keep their exact amounts, and nothing stored is altered.
- Scope
- How much bitcoin is held through disclosed claims on somebody else, rather than as bearer property. Every category counts only what its holder has disclosed, each as of its own date, so the total is a floor on disclosed positions 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.