Bitcoin, the world’s largest cryptocurrency, has crossed a significant milestone in its monetary lifecycle, as 95% of its entire supply has been mined so far.
Data from multiple sources, including Whale Insider, indicate that Bitcoin’s circulating supply has reached 19,949,776 BTC (approximately 19.94 million), accounting for 95% of its total capped supply. Of the BTC already mined, just 230.09 BTC are classified as unspendable. They refer to coins that can no longer be accessed or spent for various reasons.
With roughly 19.95 million already mined, around 1,049,996 (1.049 million) BTCs are left to be issued before Bitcoin reaches its hard-coded maximum supply of 21 million. The milestone reinforces Bitcoin’s growing scarcity—a defining feature that many proponents, including Anthony Pompliano, have highlighted as a key advantage over inflation-prone fiat currencies.
Projected Timeline for the Mining of the Last BTC
Even though only about 1.05 million BTC remain to be mined before Bitcoin reaches its fixed 21 million supply, these coins will not enter the market quickly. Due to Bitcoin’s halving schedule, the rate of new BTC issuance slows every four years as block rewards decrease.
This gradual reduction ensures that mining becomes increasingly difficult over time, reinforcing Bitcoin’s deflationary design. At the current pace, the final fraction of Bitcoin—the 21 millionth BTC—is projected to be mined around the year 2140, more than 100 years from now.
BTC Dips Despite New Milestone
As scarcity increases, speculation suggests that the price of Bitcoin could spike significantly if demand accelerates. However, several analysts, including Nansen’s research expert Jake Kennis, emphasized that the impact of the new milestone will not take effect immediately.
In the meantime, Bitcoin’s performance has remained bearish over the past week. Despite hitting a milestone of 95% mined Bitcoin, the apex cryptocurrency still slumped below the $93,000 mark today before rebounding to $94,000. It is priced at $94,004 per coin, down 1.47% over the past day and 11.96% in the past month.
Holdings by Categories
Meanwhile, the 95% of mined Bitcoin is spread across a wide range of holders. Bitcoin’s creator, Satoshi Nakamoto, remains the largest known individual holder with an estimated holding of 1.09 million BTC, representing 5.46% of the circulating supply. Exchanges collectively hold about 2.14 million BTC, with Binance alone controlling approximately 570,729 BTC, according to data from CoinGlass.
Further, global Bitcoin ETF issuers now manage roughly 1.54 million BTC, while public companies, including major holders such as Strategy and Tesla, collectively own around 993,341 BTC. Several countries, most notably El Salvador, hold a combined 517,296 BTC, while private companies control an additional 426,337 BTC.
Additionally, around 267,236 BTC sits within DeFi projects, while Bitcoin miners themselves retain approximately 120,120 BTC. The remaining Bitcoin supply is held across various uncategorized wallets.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
