Bitcoin
Bitcoin Addresses Holding at Least One Whole $BTC Cross the One Million Mark
Bitcoin ($BTC) adoption has kept on rising over the past few months with the rise of the total number of unique addresses holding at least one BTC reaching a new high above the one million mark.
According to blockchain data shared by analysis firm Glassnode, the new record was set on May 12 and shows there’s growing interest in the flagship cryptocurrency as accumulation is ongoing. At the time of writing the number of addresses holding one whole BTC, often referred to as “wholecoiner” addresses, has grown to 1,000,527. On February 2, the figure crossed the 800,000 mark.
1 Million Wholecoiner Addresses#Bitcoin pic.twitter.com/4ywupjEfOu
— Rafael Schultze-Kraft (@n3ocortex) May 12, 2023
The recent achievement can be largely credited to the ongoing bear market, during which Bitcoin’s value has seen a severe downturn of over 65% within the past year. It’s worth noting that in June and November, when the space was dealing with the collapse of significant players, the number of wholecoiner addresses jumped as others accumulated tokens.
It’s worth clarifying that achieving the one-million mark in wallet addresses holding at least one Bitcoin doesn’t necessarily denote that there are a million distinct individuals or institutions possessing such amounts.
