BTC · one mint, nothing on the other side of the ledger.
BTC is the native coin of Bitcoin, a proof-of-work chain live since 2009 — ~20.06M circulating against a fixed 21M cap, with ~95% of all coins that will ever exist already mined.
Sell pressure. The block reward is the only thing that makes new BTC — 3.125 per block, about 40.05K BTC over 90 days. It halves again around April 2028.
Buy pressure. Nothing. Zero buyback, zero burn, no treasury, no lock — Bitcoin has no mechanism that takes a coin back.
Net. About +0.20% to market over 90 days — supply still heading up, but at the slowest pace of any major chain, and slowing further by rule.
Bitcoin mints new BTC only in the block reward paid to miners. The reward has been 3.125 BTC per block since the April 2024 halving, and the network actually produced 12,817 blocks over the last 90 days — about 142 a day — so roughly 40.05K new BTC entered. The reward is fixed by the halving schedule until block 1,050,000, around April 2028, when it drops to 1.5625 BTC.
Bitcoin was a fair launch — no premine, no ICO, no investor or team allocation. There is no vesting schedule and no locked coins that can cliff into the market.
There is no foundation allocation, no DAO treasury and no reserve pool. Every coin that exists was mined, and the mined total equals the circulating count, so there is no held-back bucket that could be released. The big dormant early-miner wallets and government-seized coins are third-party holders whose coins already sit inside circulating supply — moving them adds no new supply.
The Mt. Gox estate still holds about 34.5K BTC and its trustee has until Oct 31 2026 to finish repaying creditors — past the end of this window. Those coins are already counted as circulating, so paying them to creditors moves existing coins between wallets rather than creating supply. The estate's largest recent move, in June 2026, went to its own wallets and reached no exchange — tracked.
Bitcoin has no treasury and no buyback contract. Nothing in the protocol can buy BTC back from the market.
Transaction fees are paid to the miner who finds the block, not destroyed. Bitcoin has no fee burn, so nothing offsets the block reward. Coins sent to unspendable addresses are lost by their owners, not removed by the protocol.
There is no foundation, company or protocol entity that holds a BTC budget and buys on the open market.
Bitcoin has no staking, no escrow and no lockup primitive that takes coins off the market. Coins held by companies, funds or governments stay freely spendable and are counted as circulating — monitored.
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