Base

We're building a Bitcoin economy on Base

That starts today with cbBTC — the easy, secure way to use your Bitcoin in the global onchain economy

Since the launch of cbBTC in mid-September, almost 2000 bitcoins have been moved to Base

interesting data on cbBTC 🟠
total supply: 3887 BTC across two chains 
on Base - 1489.6, on Eth - 2397.4

number of holders: 75k on Base, 1k on Eth 
unique addresses with >2 BTC: 46 on Base, 38 on Eth (incl. protocols like Morpho, Moonwell)

there're 70k accounts on Base with almost 0 balance and another 2k with a balance in cbbtc <$10. What's the reason for this distribution?

Core team @base • Former maintainer: bitcoin.org • Editor: Mastering Bitcoin & Mastering Ethereum • Builder, full stack developer: github.com/wbnns

there're 70k accounts on Base with almost 0 balance and another 2k with a balance in cbbtc <$10. What's the reason for this distribution?  

https://warpcast.com/kugusha.eth/0x6c7a64bc

maxxing on /morpho 🦋 | pursuing a higher self w /higher-athletics | consistently curious

i'm really curious about this as i hardly understand the intention

Not sure about the 2k but for the 70k, looks like someone started airdropping small amounts of cbBTC last week on Base to about 70k folks