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Bitcoin Reaches 20 Million Coins Mined—Mining Continues for Over a Century

Bitcoin Reaches 20 Million Coins Mined—Mining Continues for Over a Century

According to CloverPool data reported by PANews on March 9, Bitcoin reached block height 940,000 as the 20,000,000th BTC was mined, meaning about 95.2% of the total 21 million supply has now been issued.

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Fact Check
The claim is factually supported by multiple news outlets (BlockBeats, Bitget) and aligns perfectly with Bitcoin's programmatic issuance schedule. Mathematically, after four halvings, the reward is 3.125 BTC per block. Starting from block 840,000 (where 19,687,500 BTC were mined), it takes exactly 100,000 blocks to mine the next 312,500 BTC, reaching the 20,000,000 mark at block height 940,000. The date March 9, 2026, is consistent with the average 10-minute block time.
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Summary

Bitcoin reached a major supply milestone as the 20,000,000th BTC was mined at block height 940,000, representing approximately 95.2% of its fixed 21 million supply. According to CloverPool data reported by PANews on March 9, only 1,000,000 BTC remain to be issued through mining. With the current block subsidy at 3.125 BTC per block following the latest halving cycle, the remaining coins are expected to be distributed gradually over roughly the next 114 years, maintaining Bitcoin’s predictable issuance schedule and long-term scarcity model.

Terms & Concepts
  • Block height: The sequential number of a block in the Bitcoin blockchain, indicating its position in the chain and representing the total number of blocks mined since the network began.
  • Block subsidy: The amount of newly created Bitcoin awarded to miners for successfully adding a block to the blockchain; it decreases over time through periodic halving events.
  • Satoshi: The smallest unit of Bitcoin, equal to 0.00000001 BTC, which will represent portions of the remaining coins mined over the coming decades.