As of May 2025, approximately 19.6 million Bitcoin (BTC) have been mined, accounting for 93.3% of the cryptocurrency's total capped supply of 21 million. This milestone highlights the approaching scarcity of new Bitcoin, as the remaining 1.4 million BTC are yet to be mined. The gradual reduction in new Bitcoin issuance is a key feature of its deflationary design, intended to increase scarcity and potentially drive value over time.