1 Million Wallets Now Hold a Whole Bitcoin – What Does This Mean?

• Individual wallets holding at least one bitcoin (BTC) set a milestone figure earlier this week, suggesting long-term sentiment for the tokens remains intact.
• This is a 20% bump since February last year.
• Data from the on-chain analytics tool Glassnode show bitcoin wallets holding more than one token crossed the millionth mark on Monday.

1 Million Individual Wallets Now Hold At Least One Bitcoin

A major milestone has been reached as data shows that over one million individual wallets now hold at least one bitcoin (BTC). The long-term sentiment for the tokens appears to remain intact despite the broader markets weighing down its prices.

Growth Since February Last Year

The data from on-chain analytics tool Glassnode reveals that this milestone was reached on Monday and marks a 20% growth since February of last year.

Significant Increase After FTX Implosion

An even more significant increase in such wallets came after the implosion of crypto exchange FTX between November and January as prices fell from over $22,000 to briefly under $16,000 – adding 79,000 new wallets during this period alone.

BRC-20 Tokens Impact On The Market

The launch of BRC-20 tokens in March did little to increase the number of wealthy holders with only 30,000 new wallets holding one bitcoin added since then. These standards allow developers to issue tokens on the network and build decentralized finance (DeFi) services such as lending and borrowing which have contributed toward fees on the Bitcoin blockchain surging to two-year highs amid high demand for block space.


As these numbers continue to grow it is likely that we will see an even bigger demand for bitcoins in future as their popularity increases among investors looking for digital assets with long term value potentials