diff --git a/CHANGELOG.md b/CHANGELOG.md
index 98de94d9067..acf8d317f3b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -36,17 +36,26 @@ Ref: https://keepachangelog.com/en/1.0.0/
 
 ## [Unreleased]
 
+### Bug Fixes
+
+* (cmd) [\#563](https://github.com/cosmos/gaia/pull/563) Add balance coin to supply when adding a new genesis account
+
 ## [v3.0.1] - 2021-01-19
 
-* (sdk) Bump SDK version to [v0.40.1](https://github.com/cosmos/cosmos-sdk/releases/tag/v0.40.1).
-* (tendermint) Bump Tendermint version to [v0.34.3](https://github.com/tendermint/tendermint/releases/tag/v0.34.3).
+### Improvements
+
 * (protobuf) [\#553](https://github.com/cosmos/gaia/pull/553) Bump gogo protobuf deps to v1.3.3
-* (starport) [\#535](https://github.com/cosmos/gaia/pull/535) Add config.yml
 * (github) [\#543](https://github.com/cosmos/gaia/pull/543) Add docker deployment
+* (starport) [\#535](https://github.com/cosmos/gaia/pull/535) Add config.yml
+* (docker) [\#534](https://github.com/cosmos/gaia/pull/534) Update to python3
+
+### Bug Fixes
+
+* (sdk) Bump SDK version to [v0.40.1](https://github.com/cosmos/cosmos-sdk/releases/tag/v0.40.1).
+* (tendermint) Bump Tendermint version to [v0.34.3](https://github.com/tendermint/tendermint/releases/tag/v0.34.3).
 * (github) [\#544](https://github.com/cosmos/gaia/pull/544) Deploy from main not master
 * (docs) [\#550](https://github.com/cosmos/gaia/pull/550) Bump vuepress-theme-cosmos to 1.0.180
 * (docker) [\#537](https://github.com/cosmos/gaia/pull/537) Fix single-node.sh setup script
-* (docker) [\#534](https://github.com/cosmos/gaia/pull/534) Update to python3
 
 ## [v3.0.0] - 2021-01-09
 
diff --git a/cmd/gaiad/cmd/genaccounts.go b/cmd/gaiad/cmd/genaccounts.go
index 8aea0146f28..208e7abe352 100644
--- a/cmd/gaiad/cmd/genaccounts.go
+++ b/cmd/gaiad/cmd/genaccounts.go
@@ -163,6 +163,7 @@ contain valid denominations. Accounts may optionally be supplied with vesting pa
 			bankGenState := banktypes.GetGenesisStateFromAppState(depCdc, appState)
 			bankGenState.Balances = append(bankGenState.Balances, balances)
 			bankGenState.Balances = banktypes.SanitizeGenesisBalances(bankGenState.Balances)
+			bankGenState.Supply = bankGenState.Supply.Add(balances.Coins...)
 
 			bankGenStateBz, err := cdc.MarshalJSON(bankGenState)
 			if err != nil {