The Bitcoin Credit Stack
rates are percent a year, continuously compounded · figures as of 2026-10-13 · read 2026-10-13 14:43 UTC
Indicators › Size and leverage › Corporate bitcoin holdings as a share of supply

Corporate bitcoin holdings as a share of supply

holdings-share

Q2c. The share of spendable bitcoin held by the issuers in the registry, from their filings: steps at filing dates, and holdings, not collateral (no lien). Descriptive, not an index.

Latest reading
0.0472
2026-10-12 · derived · from 6 of 6 venues
Unitsratio
Computed at2026-10-12
Historyserved

Methodology descriptive · CX1 Q2c

What it measures. The bitcoin held by the issuers in the registry, from their filings, as a share of all spendable bitcoin.

Read with care. It moves in steps at filing dates; purchases between filings are not read. Holdings are not collateral: there is no lien, so it is shown apart from the secured market.

Sample. One credit cycle, from 2022-09-19, so it is observational. A descriptive series: not an index, not a forecast and not a signal. Every published version is kept and can be read as known on any date (as_known_on).

History

Issuers' holdings as a share of spendable supply

From the issuers' filings: steps at filing dates. Holdings, not collateral. From 2022-09-19, one credit cycle; weekly (Mondays) plus the latest day.

2026-10-12Issuers in the registry 0.0472 6 of 6 venues
00.020.040.06ratio2023202420252026
Issuers in the registry

Mondays are drawn here; every day is in the explorer. Open in the explorer →

What this cannot be read as

Holdings of the issuers in the registry, from their filings: the series moves in steps at filing dates, and purchases between filings are not read. Holdings are not collateral: no lien. Supply is spendable supply at the end of the snapshot's UTC day (chain.cohort.supply_btc): OP_RETURN outputs, the genesis coinbase and the two BIP30-overwritten coinbases are excluded, so it sits a little below issued supply. Observational: one credit cycle, from 2022-09-19.

https://www.bitcoincreditstack.com/indicators/holdings-share

Full payload

Every field as the API serves it
idholdings-share
nameCorporate bitcoin holdings as a share of supply
measureCX-Q2c
questionWhat share of all spendable bitcoin do the issuers in the registry hold, from their filings? Holdings, not collateral: there is no lien.
headlinecx.class.corporate.holdings_share_of_supply
sourceDerived in the vintage store: credit_tree ÷ chain_series
series
1 entries
[
  {
    "series_id": "cx.class.corporate.holdings_share_of_supply",
    "date": "2026-10-12",
    "value": 0.047163480221463,
    "unit": "ratio",
    "kind": "derived",
    "coverage": {
      "in": 6,
      "of": 6
    },
    "limitation": "Holdings of the issuers in the registry, from their filings: the series moves in steps at filing dates, and purchases between filings are not read. Holdings are not collateral: no lien. Supply is spendable supply at the end of the snapshot's UTC day (chain.cohort.supply_btc): OP_RETURN outputs, the genesis coinbase and the two BIP30-overwritten coinbases are excluded, so it sits a little below issued supply. Observational: one credit cycle, from 2022-09-19.",
    "vintage_id": "cx@2026-10-13T08:15:00.530Z"
  }
]
methodology
urlhttps://www.bitcoincreditstack.com/indicators/holdings-share
noteChanges to how a measure is derived are recorded in the runbook and every published version is kept (as_known_on).
sampleOne credit cycle, from 2022-09-19: observational. Descriptive, not a forecast or a signal, and not an index.

Where this comes from

REST
GET https://api.bitcoincreditstack.com/v1/market/measure/holdings-share
MCP
get_indicator({ id: "holdings-share" })
get_indicator({ id: "holdings-share", include_history: true })
get_series({ ids: ["cx.class.corporate.holdings_share_of_supply"] })

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