Cryptocurrency

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<ul class="news-points">
 <li>Cryptocurrency wallet addresses with over $1 million in Bitcoin increased by 237% this year.</li>
 <li>The peak number of millionaire Bitcoin wallets was 112,573, just before Bitcoin’s all-time high in 2021.</li>
 <li>Many high-value Bitcoin addresses belong to institutions, not individuals, such as MicroStrategy’s holdings.</li>
</ul>
This year, there has been a significant increase in the number of cryptocurrency wallet addresses containing Bitcoin valued at over $1 million. According to <a href="https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html" target="_blank" rel="noopener noreferrer nofollow">BitInfoCharts</a>, these addresses have grown from 23,795 at the beginning of the year to 81,717 currently, marking a 237% rise within a span of 11 months.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/BsrOaZjQde_oMkN53gGb4To7WyVjqqlJGKe1G-VWPcECPoVGMJFNfzC8JNjT0ldfb8fY8TA7zFzyZb08_g2Rfs55w_-77TK-RZKe1sQGUiH3QP9tZFFt1egvvlLaos7gpzrV79paiBM8IxE7" alt="">
 <figcaption class="wp-element-caption"><a href="https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html" target="_blank" rel="noopener noreferrer nofollow">81,717 wallet addresses possess over $1 million in Bitcoin</a>
 </figcaption>
</figure>
Data from <a href="https://studio.glassnode.com/metrics?a=BTC&amp;category=&amp;m=addresses.Min1MUsdCount&amp;s=1576647270&amp;u=1699660800&amp;zoom=" target="_blank" rel="noopener noreferrer nofollow">Glassnode</a> reveals that the highest number of these millionaire wallets was recorded at the peak of the last bull market. On November 9, 2021, a day before Bitcoin reached its all-time high of $69,000, the number of such addresses hit a record of 112,573.
The millionaire wallets are not one-to-one with individual users, as many addresses with more than $1 million BTC belong to crypto exchanges and financial institutions. For instance, as of November 1, 2023, MicroStrategy held <a href="https://buybitcoinworldwide.com/microstrategy-statistics/" target="_blank" rel="noopener noreferrer nofollow">158,4…</a>
The post <a href="https://coinedition.com/report-says-81717-wallet-addresses-hold-over-1-million-in-bitcoin/" rel="noopener noreferrer nofollow">Report Says 81,717 Wallet Addresses Hold Over $1 Million In Bitcoin</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Report Says 81,717 Wallet Addresses Hold Over $1 Million In Bitcoin

Coin Edition

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