--- title: "How Many Bitcoins Are There 2026: Growth and Circulating Supply" date: 2026-07-14 author: "Barry Elad" featured_image: "https://coinlaw.io/wp-content/uploads/2026/06/how-many-bitcoins-are-there.jpg" categories: - name: "Cryptocurrency" url: "/crypto.md" tags: - name: "Statistics" url: "/tag/statistics.md" --- # How Many Bitcoins Are There 2026: Growth and Circulating Supply Bitcoin’s circulating supply reached approximately **20,047,481 coins** on June 24, 2026, per CoinGecko’s aggregated protocol parameters and the Blockchain.com explorer. The network has mined approximately **95.46%** of the maximum **21,000,000 BTC** supply, with approximately **952,519 BTC** still to be issued at the current **3.125 BTC** block subsidy. No current Tier 1 primary source publishes a defensible “lost bitcoins” figure, so the data below frames dormant supply as a methodological caveat rather than a hard estimate. The numbers trace each [Bitcoin](https://coinlaw.io/bitcoin-statistics/) reward era from the 2009 Genesis block to the projected final coin around 2140. ## Key Takeaways - Bitcoin’s circulating supply sits at **20,047,481 coins** as of June 24, 2026, equal to approximately **95.46%** of the protocol’s 21 million coin maximum. - Approximately **952,519 BTC** remain to be issued through the remaining halving schedule before the network reaches its asymptotic supply cap. - The current block reward is **3.125 BTC** per block, in effect since the fourth halving on April 20, 2024, which cut the prior Era 4 reward of **6.25 BTC** in half. - Era 5 issuance pace works out to roughly **164,062 BTC** added per year at the **3.125 BTC** block subsidy across approximately **52,560 blocks** per year. That pace puts Bitcoin’s annual supply expansion below the Federal Reserve’s long-run [inflation](https://coinlaw.io/inflation-statistics/) target, a structural reframe that institutional custodians cite when describing Bitcoin’s monetary properties. - Bitcoin Wiki’s geometric-series projection places the last satoshi mining event around **May 7, 2140**, assuming constant mining power from block 367,500 forward and an average 10-minute block time. - Bitcoin’s market capitalization is approximately **$1.20 trillion** at the snapshot price of **$59,621**, even after a roughly **52.7%** drawdown from the **$126,080** all-time high reached on October 6, 2025. - The chain has produced **955,209 blocks** since the 2009 Genesis block, with the next halving (Era 6, **1.5625 BTC** per block) projected at block **1,050,000** around early 2028. ## Editor’s Choice - Circulating supply as of 2026-06-24: **20,047,481 BTC**. - Maximum supply (protocol cap): **21,000,000 BTC**. - Remaining BTC still to be issued: approximately **952,519**. - Percent of cap already mined: approximately **95.46%**. - Current block reward: **3.125 BTC** per block. - Current block height: **955,209**. - Projected last-coin date: approximately **May 7, 2140**. ## Bitcoin Circulating Supply CoinGecko’s exchange-aggregated coin endpoint recorded a Bitcoin circulating supply of **20,047,481 BTC** on June 24, 2026, against a maximum supply of **21,000,000 BTC** built into the protocol. Blockchain.com explorer’s `totalbc` Q-API returned **2,004,750,000,000,000 satoshis** at the same snapshot, which divides to **20,047,500 BTC**, a rounding difference between satoshi-precision and aggregate float methods, not a data discrepancy. - Circulating supply: **20,047,481 BTC** (CoinGecko aggregate, 2026-06-24). - Explorer-confirmed supply: **20,047,500 BTC**, rounded from the Blockchain.com satoshi count. - Protocol-defined maximum: **21,000,000 BTC**, the protocol’s hard cap on total coin supply. - Percent of cap reached: approximately **95.46%**. - BTC still to be issued: approximately **952,519**. - Market capitalization at snapshot price of **$59,621**: **$1,195,300,758,153** (approximately **$1.20 trillion**). - 24-hour trading volume at snapshot: approximately **$37.67 billion**. - Genesis date of the network: **January 3, 2009**. MetricValueSnapshotCirculating supply20,047,481 BTC2026-06-24Maximum supply21,000,000 BTCProtocol capPercent of cap mined95.46%2026-06-24BTC remaining to issue~952,5192026-06-24Market capitalization$1.20 trillion2026-06-24Spot price$59,6212026-06-24*Source: CoinGecko 2026, Blockchain.com Explorer 2026* Across CoinLaw’s coverage of more than 80 statistics pillars, adoption metrics tell a story price charts cannot: even at a **52.7%** drawdown from the October 2025 all-time high, the supply clock continues advancing on the protocol’s schedule, indifferent to the spot tape. Readers tracking long-term [cryptocurrency adoption by country](https://coinlaw.io/cryptocurrency-adoption-by-country-statistics/) trends often anchor on price; the issuance schedule anchors on block height instead. ## How Many Bitcoins Have Been Mined So Far Bitcoin Wiki’s “Projected Bitcoins” table walks the network era-by-era: Era 1 ended at approximately **10,500,000 BTC** mined, Era 2 ended at approximately **15,750,000 BTC**, Era 3 ended at approximately **18,375,000 BTC**, and Era 4 ended at **19,687,500 BTC** (**93.75%** of cap). Era 5 stands mid-way through at **20,047,481 BTC** mined and approximately **95.46%** of the cap as of 2026-06-24. - End of Era 1 (Block 209,999, 2012): approximately **10,500,000 BTC** mined. - End of Era 2 (Block 419,999, 2016): approximately **15,750,000 BTC** mined. - End of Era 3 (Block 629,999, 2020): approximately **18,375,000 BTC** mined. - End of Era 4 (Block 839,999, 2024): **19,687,500 BTC** mined. - Mid-Era 5 (Block 955,209, 2026-06-24): approximately **20,047,481 BTC** mined. - End of Era 5 (Block 1,049,999, projected early 2028): approximately **20,343,750 BTC** mined. EraEnd blockApproximate dateBTC mined cumulative% of 21 million cap1209,999Nov 201210,500,00050.00%2419,999Jul 201615,750,00075.00%3629,999May 202018,375,00087.50%4839,999Apr 202419,687,50093.75%5 (current)1,049,999~early 202820,343,75096.875%*Source: Bitcoin Wiki Controlled Supply 2026, CoinGecko 2026* > **By the numbers:** Bitcoin’s network has produced **20,047,481** of its maximum **21,000,000** coins as of June 24, 2026, approximately **95.46%** of the protocol-defined cap, leaving approximately **952,519 BTC** to be issued through the remaining halving schedule per CoinGecko aggregated data. ## Recent Developments in Bitcoin Supply - **2026-06-24**: Circulating supply ticks to approximately **20,047,481 BTC** with approximately **952,519 BTC** still to be mined per CoinGecko’s aggregate and the Blockchain.com explorer’s satoshi-count endpoint. - **2026-06-24**: Bitcoin difficulty epoch’s progressPercent reads **81.40** with **375 blocks** until the next retarget; Mempool.space’s projected next difficultyChange is +6.01 after the previousRetarget recorded -10.09. - **2026-06 (trailing 30 days)**: Approximately **13,500 BTC** of net new issuance entered circulation at the Era 5 pace of **3.125 BTC** per block and roughly 144 blocks per day. - **2026-04-20**: Two-year anniversary of the fourth Bitcoin halving, the previous **6.25 BTC** Era 4 block reward has now spent two full years cut to **3.125 BTC**. - **2026-06-24**: Block height crosses **955,209**, leaving roughly **94,791 blocks** until the fifth halving at block **1,050,000** trims the reward to **1.5625 BTC**. ## Bitcoin Halving Schedule and Block Rewards Bitcoin Wiki’s controlled-supply documentation records eight reward eras to date: Era 1 paid **50 BTC** per block from the 2009 Genesis block, Era 2 (**25 BTC**) began on November 28, 2012, Era 3 (**12.5 BTC**) on July 9, 2016, Era 4 (**6.25 BTC**) on May 11, 2020, and Era 5 (**3.125 BTC**) on April 20, 2024. Era 6 will pay **1.5625 BTC** per block around 2028, Era 7 drops to **0.78125 BTC** around 2032, and Era 8 reaches **0.390625 BTC** around 2037. - Era 1 (Block 0, 2009-01-03): **50.00 BTC** per block. - Era 2 (Block 210,000, 2012-11-28): **25.00 BTC** per block. - Era 3 (Block 420,000, 2016-07-09): **12.50 BTC** per block. - Era 4 (Block 630,000, 2020-05-11): **6.25 BTC** per block. - Era 5 (Block 840,000, 2024-04-20): **3.125 BTC** per block. - Era 6 (Block 1,050,000, projected ~2028): **1.5625 BTC** per block. - Era 7 (Block 1,260,000, projected ~2032): **0.78125 BTC** per block. - Era 8 (Block 1,470,000, projected ~2037): **0.390625 BTC** per block. Era by Start block START BLOCK · Start block vs BTC per block · Source: Bitcoin Wiki Controlled Supply 2026 START BLOCK · COINLAW ANALYSIS Era by Start block Start block vs BTC per block Bitcoin Wiki · 2026 1.5M 1.1M 750K 375K 0 0 2009-01-03 210,000 2012-11-28 420,000 2016-07-09 630,000 2020-05-11 840,000 2024-04-20 1,050,000 ~2028 1,260,000 ~2032 1,470,000 ~2037 SOURCE Bitcoin Wiki Controlled Supply 2026 The price multiples from each halving to its subsequent peak have decreased every cycle, but the protocol’s issuance arithmetic continues unchanged, a structural certainty that institutional custodians and [ETF](https://coinlaw.io/bitcoin-etf-statistics/) issuers cite as the defining feature of the asset. ## How Many Bitcoins Are Left to Mine Approximately **952,519 BTC** remain to be issued, based on the difference between the protocol cap of **21,000,000** and the **20,047,481 BTC** circulating on June 24, 2026. Of that remaining supply, the Bitcoin Wiki’s geometric series places the bulk inside the next few eras: Era 5 still has roughly **296,269 BTC** left to mine before its end at Block 1,049,999. Once that era closes, Era 6 adds **328,125 BTC** and Era 7 contributes another **164,062.5 BTC** before the asymptote tightens further. - Total BTC left to mine across all future eras: approximately **952,519**. - BTC remaining in Era 5 (mid-Era 5 to Block 1,049,999): approximately **296,269**. - Era 6 issuance budget (Block 1,050,000 to 1,259,999): approximately **328,125 BTC**. - Era 7 issuance budget (Block 1,260,000 to 1,469,999): approximately **164,062.5 BTC**. - Era 8 issuance budget (Block 1,470,000 to 1,679,999): approximately **82,031.25 BTC**. - Asymptotic supply value of the geometric series: **20,999,999.9769 BTC**, slightly under the 21,000,000 headline cap. Future era by BTC to issue (approx.) BTC TO ISSUE (APPROX.) · BTC to issue (approx.) · Source: Bitcoin Wiki Controlled Supply 2026, CoinGecko 2026 BTC TO ISSUE (APPROX.) · COINLAW ANALYSIS Future era by BTC to issue (approx.) BTC to issue (approx.) Bitcoin Wiki · 2026 400K 300K 200K 100K 0 296,269 Remainder of Era 5 328,125 Era 6 164,063 Era 7 82,031 Era 8 SOURCE Bitcoin Wiki Controlled Supply 2026, CoinGecko 2026 ## Bitcoin’s 21 Million Cap: Why and How It Was Set **Bitcoin.org’s official FAQ states the protocol design directly:** *“The number of new bitcoins created each year is automatically halved over time until bitcoin issuance halts completely with a total of 21 million bitcoins in existence.”* **Bitcoin Wiki’s Controlled Supply page documents the mechanism:** *“The rate of block creation is adjusted every 2016 blocks to aim for a constant two-week adjustment period (equivalent to 6 per hour). The number of bitcoins generated per block is set to decrease geometrically, with a 50% reduction every 210,000 blocks, or approximately four years.”* - Block generation target: **6 blocks per hour** on average, equivalent to one block every **10 minutes**. - Halving cadence: every **210,000 blocks**, approximately every four years. - Asymptote of the geometric series: **20,999,999.9769 BTC**, the precise mathematical limit before rounding. - At Block 124,724, user midnightmagic mined a solo block to himself that underpaid the reward by a single Satoshi and destroyed the block’s fees, which the Bitcoin Wiki documents as one of only two known reductions in the total mined supply of Bitcoin. - The maximum mintable supply is therefore slightly below 21,000,000 BTC for verifiable on-chain reasons before any informal coin loss enters the discussion. Protocol parameterValueHalving interval210,000 blocksTarget block time10 minutesInitial block reward50 BTCGeometric reduction per era50%Maximum supply (asymptote)~20,999,999.9769 BTCProvable supply reduction1 satoshi (Block 124,724)*Source: Bitcoin Wiki Controlled Supply 2026, Bitcoin.org FAQ 2026* ## Bitcoin Annual Issuance Rate Era 5 issues approximately **164,062 BTC** per year at the **3.125 BTC** block subsidy and roughly **52,560 blocks** annually (6 per hour × 24 × 365). Set against a circulating supply of approximately **20,047,481 BTC**, that annual issuance is a small share of the supply. The Era 5 supply expansion now runs below the Federal Reserve’s long-run inflation target, a structural reframe that institutional custodians cite when describing Bitcoin’s monetary properties. Era 4 issued approximately **328,125 BTC** per year at the prior **6.25 BTC** reward; the April 2024 halving cut that annual pace in half by design. - Era 1 annual issuance pace at **50 BTC** per block: approximately **2,628,000 BTC** per year. - Era 2 annual pace at **25 BTC** per block: approximately **1,314,000 BTC** per year. - Era 3 annual pace at **12.5 BTC** per block: approximately **657,000 BTC** per year. - Era 4 annual pace at **6.25 BTC** per block: approximately **328,125 BTC** per year. - Era 5 annual pace at **3.125 BTC** per block: approximately **164,062 BTC** per year. - Era 5 annual issuance ratio to circulating supply: **164,062 / 20,047,481**. - Era 6 annual pace at **1.5625 BTC** per block: approximately **82,031 BTC** per year, starting around 2028. Era by BTC per block BTC PER BLOCK · BTC per block vs BTC per year (approx.) · Source: Bitcoin Wiki Controlled Supply 2026, Blockchain.com Explorer 2026, CoinGecko 2026 BTC PER BLOCK · COINLAW ANALYSIS Era by BTC per block BTC per block vs BTC per year (approx.) Bitcoin Wiki · 2026 50 37.5 25 12.5 0 50.00 1 25.00 2 12.50 3 6.25 4 3.125 5 (current) 1.5625 6 0.78125 7 0.390625 8 SOURCE Bitcoin Wiki Controlled Supply 2026, Blockchain.com Explorer 2026, CoinGecko 2026 > **Worth noting:** Era 5 issuance runs at roughly **164,062 BTC** per year, derived from the protocol’s **3.125 BTC** block reward and the 10-minute block interval the difficulty mechanism enforces, with the resulting annual supply expansion already below the Federal Reserve’s long-run USD inflation target per CoinLaw analysis. ## When Will the Last Bitcoin Be Mined Bitcoin Wiki estimates that if mining power had remained constant since the first Bitcoin was mined, the last Bitcoin would have been mined near October 8th, 2140, while a refined estimate assuming mining power remained constant from block 367,500 forward places the last Bitcoin on May 7th, 2140, with the exact date sensitive to future hashrate evolution. - Constant-hashpower estimate from Genesis: last block mined approximately **October 8, 2140**. - Refined estimate using constant hashpower from Block 367,500 forward: last block mined approximately **May 7, 2140**. - Difficulty retarget period: every **2,016 blocks** (approximately two weeks at the 10-minute target). - Asymptotic mintable supply: approximately **20,999,999.9769 BTC**, slightly under the 21 million headline cap. - Post-issuance miner economics: per the Bitcoin.org FAQ, miners will be supported exclusively by transaction fees once protocol issuance halts. ## Bitcoin Block Height and Network Difficulty Mempool.space’s chain-tip endpoint returned a height of **955,209** at 2026-06-24T18:32:11Z, cross-validated against Blockchain.com’s `getblockcount` at the same snapshot. Mempool.space’s difficulty-adjustment API placed the current **2,016**-block retarget epoch progressPercent at **81.40**, projected the next difficultyChange at +6.01, and recorded the most recent previousRetarget at -10.09 with **375 blocks** remaining until the next adjustment at block **955,584**. - Current block height (2026-06-24): **955,209**. - Next retarget block height: **955,584**. - Blocks remaining in current epoch: **375**. - Difficulty progressPercent through current epoch: **81.40**. - Projected next difficulty change: +6.01. - Previous retarget result: -10.09. - Blocks remaining until the fifth halving at Block 1,050,000: approximately **94,791**. Network parameterValue (2026-06-24)Chain-tip block height955,209Next retarget block955,584Blocks remaining in epoch375Epoch progressPercent81.40Projected next adjustment+6.01Previous adjustment-10.09Blocks to fifth halving~94,791*Source: Mempool.space 2026, Blockchain.com Explorer 2026* The block-height counter is the protocol’s own supply clock, roughly 144 blocks per day, roughly 52,560 per year, which is what a static “circulating supply” integer actually represents at any given instant. ## Bitcoin Market Cap and Price Context CoinGecko’s snapshot at 2026-06-24T18:32:24Z recorded Bitcoin spot price at **$59,621**, market capitalization at **$1,195,300,758,153** (approximately **$1.20 trillion**), and 24-hour trading volume at approximately **$37.67 billion** across aggregated exchange feeds. The current price sits approximately **52.7%** below the all-time high of **$126,080** recorded on October 6, 2025. - Spot price (2026-06-24): **$59,621**. - Market capitalization (2026-06-24): approximately **$1.20 trillion**. - 24-hour trading volume (2026-06-24): approximately **$37.67 billion**. - All-time high price: **$126,080** on October 6, 2025. - Current price drawdown from all-time high: approximately **52.7%**. - Hashing algorithm securing the network: SHA-256. Market parameterValue (2026-06-24)Spot price$59,621Market capitalization~$1.20 trillion24h trading volume~$37.67 billionAll-time high$126,080 (2025-10-06)Drawdown from ATH~52.7%*Source: CoinGecko 2026* Readers reviewing aggregated venue-by-venue volume often pair this snapshot with [crypto exchange market data](https://coinlaw.io/crypto-exchange-statistics/), which tracks the trading venues responsible for most of the daily turnover. Analysts cross-referencing Bitcoin’s market cap against other Layer 1 networks usually start with [Bitcoin versus Ethereum statistics](https://coinlaw.io/bitcoin-vs-ethereum-statistics/) for a hashrate, fee, and supply-side comparison. ## Dormant and Possibly Lost Bitcoins CoinLaw declines to print a lost-bitcoin figure we cannot tie to a current Tier 1 primary source; dormant supply is observable on-chain, but dormancy is not proof of loss. - Block 124,724 reduction: the Bitcoin Wiki documents this as one of two known protocol-level supply reductions, where user midnightmagic underpaid his solo block by a single Satoshi and destroyed the block’s fees. - Block 124,724 satoshi destruction: **1 satoshi** burned plus block fees forfeited, provable, on-chain, and irreversible. - The **50 BTC** Genesis-block output is widely treated as unspendable due to a coinbase-handling detail in the original protocol implementation. - Long-term dormant supply observable on-chain runs in the multi-million BTC range across UTXOs untouched for 10+ years (Glassnode and Chainalysis dormancy charts), but dormancy is not lost; addresses move on their own schedule. - Exchange-side incidents (Mt. Gox 2014, Bitfinex 2016, FTX 2022) sit in our [cryptocurrency security and fraud data](https://coinlaw.io/cryptocurrency-security-fraud-statistics/) coverage; counterparty losses are documented, but they are not the same as cryptographically inaccessible coins. - Readers researching custody trends often cross-reference [self-custody wallet statistics](https://coinlaw.io/self-custody-wallet-statistics/), since the shift toward cold-storage UTXOs since 2020 is one driver of the long-dormancy distribution. **The honest answer is structural:** A defensible lost-coin figure requires a current Tier 1 primary source publishing the methodology. None does today. The two figures we will commit to are the 1-satoshi Block 124,724 reduction and the unspendable Genesis output, both verifiable on-chain, both permanent. ## Bitcoin Supply Outlook Bitcoin Wiki’s projected-supply table extends the geometric series through several future eras: Era 6 closes near the start of the **2032** halving at approximately **20,671,875 BTC** mined, Era 7 closes by the next halving cycle at approximately **20,835,937.5 BTC**, and Era 8 closes by the cycle after that at approximately **20,917,968.75 BTC**. The schedule continues halving every **210,000 blocks** until the network reaches its asymptotic supply value of approximately **20,999,999.9769 BTC**. - End of Era 6 (approximately **2028** reward halt, end of issuance by the next era’s start): approximately **20,671,875 BTC**. - End of Era 7 (approximately **2032** reward halt, end of issuance by the next era’s start): approximately **20,835,938 BTC**. - End of Era 8 (approximately **2037** reward halt, end of issuance by the next era’s start): approximately **20,917,969 BTC**. - BTC still to issue after Era 6 closes: approximately **328,125**. - BTC still to issue after Era 7 closes: approximately **164,062**. - Asymptotic supply value: approximately **20,999,999.9769 BTC**. Era endApproximate yearCumulative BTC% of capEnd of Era 5~202820,343,75096.875%End of Era 6~203220,671,87598.44%End of Era 7~203620,835,93899.22%End of Era 8~204020,917,96999.61%Asymptote~214020,999,999.9769~100%*Source: Bitcoin Wiki Controlled Supply 2026* Researchers comparing Bitcoin against the broader asset landscape often pair this projection with [SEC and CFTC crypto regulation data](https://coinlaw.io/sec-and-cftc-regulations-on-cryptocurrencies-statistics/) for the regulatory backdrop against which the issuance schedule continues to run. ## How Many Bitcoins Are Lost Forever? No current Tier 1 primary source publishes a defensible “lost bitcoins” estimate. The one provable on-chain supply reduction is the Block 124,724 anomaly, where the miner underpaid the reward by **1 satoshi** and destroyed the block’s fees; the Bitcoin Wiki documents this as one of only two known reductions in total mined supply. Long-term dormant supply is observable on-chain, but on-chain dormancy is not proof of loss: a 10-year-old address can spend tomorrow. Coverage of cold-storage UTXO behavior sits in the dormancy section above rather than a fabricated point estimate here. ## What Happens When All Bitcoins Are Mined? Bitcoin.org’s official FAQ states that the number of new bitcoins created each year is automatically halved over time until bitcoin issuance halts completely with a total of **21 million** bitcoins in existence, at which point Bitcoin miners will probably be supported exclusively by numerous small transaction fees. The schedule reaches that point asymptotically around **2140**, with the bulk of supply already in circulation well before the final era. ## Conclusion Bitcoin’s supply story in 2026 is a story of arithmetic on schedule. **20,047,481 of 21,000,000** coins are already mined, with **952,519 BTC** still to be issued across the next 115 years of halving cycles before the network reaches its asymptotic limit around **May 7, 2140**. The Era 5 issuance pace of roughly 164,062 BTC per year now sits below the Federal Reserve’s long-run USD inflation target, a structural reframe that institutional custodians, ETF issuers, and policy researchers cite when they describe Bitcoin’s monetary properties. The schedule completes mathematically regardless of price action: at the snapshot **$59,621** spot and **$1.20 trillion** market capitalization, the difficulty mechanism continues to retarget every **2,016 blocks**, the chain continues to advance roughly 144 blocks per day, and Era 6 will arrive on block **1,050,000** with or without further drawdowns from the **$126,080** October 2025 all-time high. For readers tracking the supply clock, the block-height counter is the protocol’s measure of where the network sits inside its own issuance plan. Definition of Blockchain. Link to full glossary entry follows the description.**Blockchain**A distributed digital ledger that records transactions across a network, with each block cryptographically linked to the previous one for security. [Read more](https://coinlaw.io/glossary/blockchain/) Definition of Layer 1. Link to full glossary entry follows the description.**Layer 1**A Layer 1 is the base blockchain layer that settles its own transactions, enforces its own consensus, and secures its own ledger. Bitcoin, Ethereum, Solana. [Read more](https://coinlaw.io/glossary/layer-1/) Definition of Hash Rate. Link to full glossary entry follows the description.**Hash Rate**Hash rate measures the total computational power miners use to process and validate transactions on a proof-of-work blockchain like Bitcoin. [Read more](https://coinlaw.io/glossary/hash-rate/) Definition of Bitcoin Halving. Link to full glossary entry follows the description.**Bitcoin Halving**Bitcoin halving is a protocol rule that cuts each mining reward in half every 210,000 blocks (roughly four years) until the 21M supply cap. [Read more](https://coinlaw.io/glossary/bitcoin-halving/)