As of December 12, around 90% of all the bitcoin that will ever exist is in circulation today, and the top five exchanges hold 1.6 million bitcoin. The bitcoin holdings on Coinbase, Binance, Huobi, Kraken, and Okex combined represent 7.96% of the 21 million bitcoin supply cap. The bitcoin held by Coinbase is a whopping 51% of the 1.6 million bitcoin or $41.6 billion using today’s exchange rates.
5 Exchanges Hold 1.6 Million Bitcoin Worth $81 Billion
At the time of writing, 90% of the 21 million bitcoin supply cap has been mined into existence. Currently, there is 18,899,800 BTC that has been mined so far and in the near future, 19 million bitcoin will be mined into existence.
We also know that a decent fraction of bitcoin has been lost and Satoshi Nakamoto may have mined around 1.1 million BTC before leaving the bitcoin community. A study published by Coin Metrics on November 19, 2019, indicates that the assumed amount of lost coins was around 1.5 million at block height 600,000.
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