The Number of Bitcoin Addresses Holding More Than 1 BTC Has Surpassed 1 Million, a New Milestone

The data shows a clear long-term trend: more and more people are striving to become wholecoiners. This trend reflects the broader adoption and confidence in Bitcoin as a store of value and an investment asset.

The number of Bitcoin addresses holding more than one BTC has crossed the one million mark in a significant development on the cryptocurrency market.

According to IntoTheBlock, there are now 1,010,777 such addresses, highlighting a key achievement in the Bitcoin ecosystem.

In a chart shared by IntoTheBlock, a blockchain analytics platform, the milestone is highlighted, showing the increasing trend of people reaching wholecoiner status with BTC. The term "wholecoiner" refers to those holding at least one whole Bitcoin, a status increasingly pursued by investors.

This chart shows the number of addresses holding more than 1 Bitcoin.

There are currently over 1 million wholecoiners

There is a clear long-term trend, as more and more people aim to achieve wholecoiner status.

The data shows a clear long-term trend: more and more people are striving to become wholecoiners.

This trend reflects the broader adoption and confidence in Bitcoin as a store of value and an investment asset. The increasing number of wholecoiners is a testament to the growing belief in Bitcoin's potential for long-term growth and stability.

IntoTheBlock's analysis indicates that this upward trend is not a short-term phenomenon but a sustained movement. Over the years, as Bitcoin has matured, the number of addresses holding at least one BTC has steadily increased.

What this implies

The achievement of over one million wholecoiners is particularly significant in the context of Bitcoin's limited supply. With only 21 million Bitcoins ever to be mined, holding even one Bitcoin becomes increasingly valuable as demand continues to rise. This scarcity factor further underscores the importance of the wholecoiner milestone.

Bitcoin has declined about 17% since hitting an all-time high of nearly $74,000 in mid-March on rising optimism about the approval of U.S. exchange-traded funds to directly hold the original cryptocurrency.

At the time of writing, Bitcoin was up 0.04% in the past 24 hours at $61,592. Shifting expectations of U.S. interest rate cuts have dampened demand for riskier assets in recent weeks.

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