According to data from bitcoin Pro MagazineThere are 1,012,650 bitcoin addresses that hold 1 btc or more.
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This represents over 1 million btc potentially taken off the market and held by strong hands, a significant portion of the 21 million btc that will ever exist. Demand continues to rise as US spot bitcoin ETFs collectively hold over 901,000 btc, while MicroStrategy, a major corporate holder of bitcoin, holds 226,500 btc. Furthermore, MicroStrategy plans to raise $2 billion to purchase more bitcoin, further emphasizing the tendency for institutions to buy and hold substantial amounts of btc, thereby reducing the available supply as demand increases.
Historically, the number of bitcoin addresses holding 1 btc or more has lagged behind the price of btc. However, over the past two years, this trend has reversed and the number of these addresses has increased more rapidly than the price of bitcoin. This shift indicates growing adoption and reflects growing long-term confidence in bitcoin as more users accumulate and hold significant amounts of bitcoin.
The rise in addresses holding 1 btc or more means that both retail and institutional investors are actively accumulating bitcoin. With only 21 million btc left to be mined and roughly 19 million already in circulation, demand for bitcoin appears to be increasing as users look to secure their share of the limited supply.
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