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Satoshi Gazette
Glossary

Claims floor

The Gazette's sum of bitcoin held through disclosed claims on a company, fund or state that holds the keys, each holder at its latest disclosure, against issued supply at one block.

Custody and holdings

Definition dated

also bitcoin held through disclosed claims · custody floor

The claims floor asks how much bitcoin is owned not as coins under the owner's keys but through a claim on a company, a fund or a state that holds the keys. The desk adds each holder's latest disclosure, in bitcoin, from the holder's own filing or record, and divides the sum by issued supply at one pinned block.

It is a floor in two senses. Only disclosed positions count, so the amount held through claims is higher than the figure. And every part is cut, never rounded up, so the printed figure never exceeds its evidence.

Each disclosure keeps its own date. The block pins the denominator only; it does not mean every holder held its amount at that block.

Common misreadings3

  • People say

    The claims floor is what funds and companies hold today

    Precisely

    Each holder counts at its latest disclosure, as of that disclosure's own date. One that sold since could hold less; one that bought, more.

  • People say

    The rest is self-custody

    Precisely

    The remainder is unclassified. Exchange balances, custodial wallets that publish nothing, lost coins and coins held directly by individuals are all in it.

  • People say

    It is an estimate of custodial bitcoin

    Precisely

    It is a floor on disclosed positions. Holders that publish nothing are left out, so the amount held through claims is higher.