On this page
How this site was researched
Bitcoin Unpacked was written in October 2026. Stable history and technical facts were drawn from primary documents such as the whitepaper, release notes and court opinions. Anything that moves, such as fund holdings, company treasuries, office-holders and legislation, was checked against sources published in 2026 and is dated where it appears.
- Numbers carry dates. A holding or a market share is shown with the day it refers to and where it came from. Where two reputable trackers disagree, the page gives the range and says so.
- No stored prices. The current price, block height, fee rate and hashrate are fetched live in your browser from CoinGecko and mempool.space. Historical prices mentioned in the text are past events, labelled with their dates.
- No predictions, no recommendations. The site does not forecast prices or suggest what to buy. Products and funds are described, not ranked.
- Quotations are minimal. A handful of famous phrases of a few words each are quoted. Everything else is paraphrase in our own words.
- Secondary sources are flagged. Several 2026 events were only covered by trade press or by companies with an interest in the story. Those are marked in the list below.
What was left out or hedged
- Net worth and personal holdings of individuals, which are rarely verifiable.
- Exact government holdings. The US has published no full audit; China’s holdings are unconfirmed. Ranges are given instead.
- Per-fund cumulative flow figures for ETFs, which change daily and could not be pinned to a single reliable dated source.
- The outcome of the eCash fork’s main launch, scheduled for after this site was written.
- Estimates of lost coins and of Satoshi’s holdings are long-standing research figures (Chainalysis; Sergio Demian Lerner’s “Patoshi” analysis) and are presented as estimates, not measurements.
- Gold’s annual mine supply is given as a round figure from World Gold Council reporting; only the above-ground stock was re-checked for this edition.
- Roles described as current were verified where a 2026 source could be found. Otherwise profiles describe what a person is known for.
Found something out of date? Figures on this site are a snapshot. The primary sources below are the authority.
Primary documents
- Satoshi Nakamoto, “Bitcoin: A Peer-to-Peer Electronic Cash System” (2008) The whitepaper and its eight references.
- Joseph Poon and Thaddeus Dryja, “The Bitcoin Lightning Network” (draft 0.5.9.2, January 2016)
- Bitcoin Core 30.0 release notes Policy changes including the OP_RETURN default.
- BIP 360, Pay-to-Merkle-Root Authors and draft status.
- Executive Order: Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile (6 March 2025)
- SEC, Chair Gensler’s statement on the approval of spot bitcoin exchange-traded products (10 January 2024)
- Grayscale Investments, LLC v. SEC, No. 22-1142 (D.C. Cir., 29 August 2023)
- IRS, Digital assets US tax treatment as property.
- FTC, What to know about cryptocurrency and scams
- Satoshi Nakamoto Institute Archive of Satoshi’s emails and posts and of cypherpunk writing.
Live data
- CoinGecko public API Price, market value, seven-day sparkline and one year of daily history.
- mempool.space Block height, fee estimates, hashrate and difficulty.
Holdings and fund data
- Strategy, bitcoin purchases 848,000 BTC after the purchase reported 5 October 2026.
- Strategy, second-quarter 2026 results (Business Wire, 30 July 2026) Cost basis, executives, bitcoin sold to fund dividends.
- Investing.com, Strategy holdings as of 4 October 2026
- Bitbo, Bitcoin Treasuries Category totals, governments, public companies and per-fund holdings, 9 October 2026.
- BitcoinTreasuries.net Second tracker, used to show the range between estimates.
- TokenPost, “BlackRock’s IBIT Holds 62% of Bitcoin Held by Spot ETFs” (8 October 2026) US spot ETF total of about 1.29 million BTC.
- iShares Bitcoin Trust ETF Sponsor fee and net assets, 9 October 2026.
- Fidelity crypto funds Fee and custodian.
- Grayscale Bitcoin Trust ETF Custodian.
- Grayscale Bitcoin Mini Trust ETF Fee and custodian.
- VanEck Bitcoin ETF Fee and net assets.
- ARK 21Shares Bitcoin ETF
- Bitwise Bitcoin ETF Fee and custodians.
- REX-Osprey, Osprey Bitcoin Trust Conversion to an ETF on 19 December 2025; expense ratio.
- NerdWallet, spot bitcoin ETFs and their fees (updated 5 October 2026) Fee table.
- bitcoinetf.directory, fees and expense ratios (2 September 2026) Fee table; DEFI closure.
- bitcoinetf.directory, bitcoin ETFs outside the US Canada, Europe, Hong Kong, Australia, UK retail access.
- Fortune, Morgan Stanley’s bitcoin ETF begins trading (8 April 2026)
- The Crypto Times, Hashdex to shut down DEFI (3 August 2026)
- InvestingLive, ETF flows turn positive for 2026 (September 2026)
- FX Trust Score, Vanguard opens its platform to crypto ETFs (3 December 2025)
- CoinDesk, Metaplanet third-quarter update (5 October 2026)
- Yahoo Finance, Jack Mallers leaves Twenty One Capital (21 July 2026)
- DL News, MARA sells bitcoin to fund AI expansion (27 March 2026)
- Forbes, Block cuts nearly half its workforce (27 February 2026)
- Decrypt, Mt. Gox repayment deadline moved to October 2026
Markets and the 2025 to 2026 cycle
- Yahoo Finance, “Bitcoin peaked at $126,080 on October 6 last year” (5 October 2026) Peak, drawdowns in earlier cycles, recovery times.
- Hokanews, a year after the record liquidation (10 October 2026) The 10 October 2025 liquidation; June 2026 low.
- Fintech News Singapore, analysis of the 2026 decline (February 2026)
- Wikipedia, History of bitcoin Cross-check of dates.
- CCN, the 20 millionth bitcoin (9 March 2026)
- World Gold Council, above-ground stocks About 222,600 tonnes at mid-2026.
Protocol and development
- Simple Mining, “What Is BIP-110? The Soft Fork That Failed in August 2026” Chronology of the fork attempt. Published by a mining company that took part.
- AMINA Bank research, BIP-110, eCash, covenants and the quantum clock (July to August 2026) Status of OP_CTV and OP_CAT; Google’s March 2026 estimates.
- CoinDesk, BIP-361 and the quantum migration debate (15 April 2026)
- The Crypto Times, BIP-360 and BIP-361 explained
- SoloFury, the eCash fork explained (13 September 2026)
- Spark research, State of the Lightning Network in 2026 (3 June 2026) Capacity, nodes and channels. Published by a competing layer 2 project.
- Bitcoin.com News, three investigations that named a Satoshi
Mining and energy
- Cambridge Judge Business School, Cambridge Digital Mining Industry Report (28 April 2025) Energy mix, 138 TWh estimate, emissions.
- Cambridge Bitcoin Electricity Consumption Index
- CoinCentral, Bitcoin mining statistics (8 October 2026) Hashrate, difficulty, pool and country shares, citing Hashrate Index and mempool.space.
- Hashrate Index (Luxor)
- Shattered.io, hashrate and difficulty in 2026
Policy and regulation
- Wikipedia, U.S. Strategic Bitcoin Reserve
- Coinpedia, the Strategic Bitcoin Reserve: holdings and legislative status (September 2026)
- Crypto Daily, House panel advances reserve bill (September 2026)
- DeFi Rate, CLARITY Act fact sheet Chronology including the 49 to 50 cloture vote.
- Tech Insider, CLARITY Act status
- Yahoo Finance, David Sacks leaves White House crypto role (26 March 2026)
- Yahoo Finance, who is Patrick Witt (August 2025)
- Cointelegraph, Hester Peirce to leave the SEC on 2 October 2026
- Banking Dive, Kraken confirms confidential IPO filing (April 2026)