Over 1 Million Bitcoin Addresses Now Hold at Least 1 BTC

05/18 17:31

Bitcoin has reached a significant milestone with over one million addresses now holding at least 1 BTC, according to data from Glassnode. These "wholecoiners" have been steadily accruing since mid-2021, with the trend accelerating in 2022. Adam Back, CEO of Bitcoin firm Blockstream, has made the case for "hyperbitcoinization" soon to come, arguing that BTC price growth would soon make buying it unattainable altogether. Meanwhile, whale wallets have become stagnant, with entities holding between 1,000 BTC and 9,999 BTC showing signs of recovery after falling from mid-2022 onward.
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