Official: 90% of Bitcoin’s Supply Has Now Been Mined.

According to blockchain trackers, 90% of Bitcoin’s maximum supply is now in circulation. This feat means that 18.89 million bitcoins, out of the maximum 21 million that will ever exist, have been mined and are in circulation.

It took nearly 12 years for 90% of bitcoin’s supply to be mined, with the first BTC being mined on January 9, 2009. Based on Bitcoin’s network activity estimates and halving schedules, the remaining supply is not expected to be mined completely until February 2140,

The price of the flagship cryptocurrency has been growing along with its circulating supply. In early 2010, BTC was trading at around $0.10 and hovered over $7.5 when about half of its supply was mined in December 2012. It’s now close to $50,000.

However, not all of the 18.89 million BTC are believed to be in actual circulation, as estimates suggest that about 3.7 million bitcoin has been “lost” based on address activity. These coins have been lost for various reasons, including the loss of private keys.

The highest stash of bitcoin held a single individual is 1 million BTC, believed to be held by the cryptocurrency’s pseudonymous creator, Satoshi Nakamoto, who hasn’t touched the funds since the network’s early days.

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