An updated answer.

First, check out the block subsidy calculation: https://github.com/bitcoin/bitcoin/blob/v23.0/src/validation.cpp#L1417

CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)
{
    int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
    // Force block reward to zero when right shift is undefined.
    if (halvings >= 64)
        return 0;

    CAmount nSubsidy = 50 * COIN;
    // Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years.
    nSubsidy >>= halvings;
    return nSubsidy;
}

An important constant: consensus.nSubsidyHalvingInterval = 210000 comes from this file here:  https://github.com/bitcoin/bitcoin/blob/v23.0/src/chainparams.cpp#L67

Right now the current block height is 704673 (you can look it up here if you like: https://blockexplorer.one/bitcoin/mainnet)

halvings = int(704673 / 210000) == 3

So the current reward 50 >> 3 == 6.25

The sum of a series that halves like that is a/(1-r), where a is the first value (50) and r is the ratio (0.5). See: https://en.wikipedia.org/wiki/Geometric_series for more info.

Thus 50 + 25 + 12.5 + 6.25 + 3.125 + 1.5625 + … + 0.000000001 = 100

Since the same amount is given per block, you need only multiply that by the total number of blocks issued per halving: 210000

210,000 * 100 == 21,000,000

Bitcoin is an open source consensus protocol. It's not a company, there is no "foundation", and the code can be reviewed by anyone with about a high school level of knowledge of math.

An updated answer.

First, check out the block subsidy calculation: https://github.com/bitcoin/bitcoin/blob/v23.0/src/validation.cpp#L1417

CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)
{
    int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
    // Force block reward to zero when right shift is undefined.
    if (halvings >= 64)
        return 0;

    CAmount nSubsidy = 50 * COIN;
    // Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years.
    nSubsidy >>= halvings;
    return nSubsidy;
}

An important constant: consensus.nSubsidyHalvingInterval = 210000 comes from this file here:  https://github.com/bitcoin/bitcoin/blob/v23.0/src/chainparams.cpp#L67

Right now the current block height is 704673 (you can look it up here if you like: https://blockexplorer.one/bitcoin/mainnet)

halvings = int(704673 / 210000) == 3

So the current reward 50 >> 3 == 6.25

The sum of a series that halves like that is a/(1-r), where a is the first value (50) and r is the ratio (0.5). See: https://en.wikipedia.org/wiki/Geometric_series for more info.

Thus 50 + 25 + 12.5 + 6.25 + 3.125 + 1.5625 + … + 0.000000001 = 100

Since the same amount is given per block, you need only multiply that by the total number of blocks issued per halving: 210000

210,000 * 100 == 21,000,000

Bitcoin is an open source consensus protocol. It's not a company, there is no "foundation", and the code can be reviewed by anyone with about a high school level of knowledge of math.

An updated answer.

First, check out the block subsidy calculation: https://github.com/bitcoin/bitcoin/blob/master/src/validation.cpp#L1068

CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)
{
    int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
    // Force block reward to zero when right shift is undefined.
    if (halvings >= 64)
        return 0;

    CAmount nSubsidy = 50 * COIN;
    // Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years.
    nSubsidy >>= halvings;
    return nSubsidy;
}

An important constant: consensus.nSubsidyHalvingInterval = 210000 comes from this file here: https://github.com/bitcoin/bitcoin/blob/master/src/chainparams.cpp#L67

Right now the current block height is 704673 (you can look it up here if you like: https://blockexplorer.one/bitcoin/mainnet)

halvings = int(704673 / 210000) == 3

So the current reward 50 >> 3 == 6.25

The sum of a series that halves like that is a/(1-r), where a is the first value (50) and r is the ratio (0.5). See: https://en.wikipedia.org/wiki/Geometric_series for more info.

Thus 50 + 25 + 12.5 + 6.25 + 3.125 + 1.5625 + … + 0.000000001 = 100

Since the same amount is given per block, you need only multiply that by the total number of blocks issued per halving: 210000

210,000 * 100 == 21,000,000

Bitcoin is an open source consensus protocol. It's not a company, there is no "foundation", and the code can be reviewed by anyone with about a high school level of knowledge of math.

An updated answer.

First, check out the block subsidy calculation: https://github.com/bitcoin/bitcoin/blob/v23.0/src/validation.cpp#L1417

CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)
{
    int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
    // Force block reward to zero when right shift is undefined.
    if (halvings >= 64)
        return 0;

    CAmount nSubsidy = 50 * COIN;
    // Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years.
    nSubsidy >>= halvings;
    return nSubsidy;
}

An important constant: consensus.nSubsidyHalvingInterval = 210000 comes from this file here: https://github.com/bitcoin/bitcoin/blob/v23.0/src/chainparams.cpp#L67

Right now the current block height is 704673 (you can look it up here if you like: https://blockexplorer.one/bitcoin/mainnet)

halvings = int(704673 / 210000) == 3

So the current reward 50 >> 3 == 6.25

The sum of a series that halves like that is a/(1-r), where a is the first value (50) and r is the ratio (0.5). See: https://en.wikipedia.org/wiki/Geometric_series for more info.

Thus 50 + 25 + 12.5 + 6.25 + 3.125 + 1.5625 + … + 0.000000001 = 100

Since the same amount is given per block, you need only multiply that by the total number of blocks issued per halving: 210000

210,000 * 100 == 21,000,000

Bitcoin is an open source consensus protocol. It's not a company, there is no "foundation", and the code can be reviewed by anyone with about a high school level of knowledge of math.