Bitcoin (BTC)
Supply & valuation
Network
awaiting next block · ~13.8m avg gap (recent)
Newest first · each block links to the one before it · read from our own node
Issuance & next halving
Every 210,000 blocks — roughly every four years — the new bitcoin created per block halves; at the next halving the subsidy drops from 3.125 to 1.5625 BTC. Issuance ends around the year 2140, just short of 21 million coins. Every figure in this section follows deterministically from the block height above; nothing here is estimated except the dates. How this is computed
BTC — frequently asked questions
What is Bitcoin's supply?
Bitcoin has a circulating supply of 20.1M BTC and a total on-chain supply of 20.1M BTC. Both figures are read directly from the chain, not taken from issuer reports.
How is the BTC price here computed?
The BTC price on this page is TheDistributed's own reference price, computed from on-chain venue data rather than exchange feeds. Because BTC itself doesn't trade on those venues, the read goes through wrapped BTC with a 0.3% tolerance check against the underlying. The full method, tolerances and labels are documented on our methodology page.
Does Bitcoin have a market cap?
Yes. Bitcoin's market cap here is $1.28T, computed as the reference price times a circulating supply that can be verified on-chain. Only assets whose circulating supply we can verify get a market-cap label on this site.
What chain does Bitcoin run on?
Bitcoin runs on its own blockchain — BTC is that chain's native coin, not a token issued on another network.
What is Bitcoin's latest block?
At last read, the most recent Bitcoin block our own node connections saw was block 957,403. Recent blocks arrived about 13.8 min apart on average.
Answers are generated from the live figures on this page — on-chain reads, our own reference price and Reddit crowd data — and update as the data does.