BITCOIN ADDRESSES HOLDING 1 BTC OR MORE REACH 1 MILLION: GLASSNODE

Last updated: June 24, 2025, 18:29 | Written by: Michael Saylor

The world of cryptocurrency witnessed a significant milestone recently, signaling a growing confidence and accumulation trend amongst Bitcoin investors.

Research shows: The number of Bitcoin wallet addresses holding one whole BTC or more has surpassed the one million mark. The one million wholecoiner milestone was reached on May 13, according to data from Glassnode. Number of Bitcoin wallets holding more than 1 Bitcoin since inception. Source: Glassnode.

Data from Glassnode, a leading on-chain analytics platform, reveals that the number of Bitcoin wallet addresses holding at least one full BTC has surpassed the one million mark.This landmark achievement, reached on May 13th, underscores the enduring appeal of Bitcoin as a store of value and a potential hedge against traditional financial systems.This surge comes even after Bitcoin prices experienced considerable volatility in the recent past, with significant dips that could have shaken weaker hands.

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It highlights the resolve of committed buyers who seized opportunities during price corrections to increase their Bitcoin holdings.With an estimated 200,000 new ""wholecoiners"" joining the ranks recently, what does this surge really mean for the future of Bitcoin?What factors drove this increase, and how might it impact the broader cryptocurrency market?

Research shows: Notably, the number of Bitcoin addresses holding at least 1 BTC rose to 1 million, marking a new all-time high (ATH), according to data from Glassnode. In fact, the 1 million milestone was reached on Saturday, May 13, data showed. The increase in the number of investors holding 1 or more wholecoins underscores the consistent growth in the

This article delves into the details of this milestone, exploring the underlying trends and providing insights into the implications for both seasoned investors and newcomers to the world of digital currency.

Analyzing the Milestone: 1 Million Bitcoin Holders

The attainment of 1 million Bitcoin addresses holding 1 BTC or more is a noteworthy event for several reasons.It signifies a substantial level of adoption and belief in Bitcoins long-term potential.This group of ""wholecoiners"" represents a cohort of investors who have, for the most part, demonstrated a considerable commitment to the cryptocurrency.They may include early adopters, institutional investors, or individuals who have gradually accumulated Bitcoin over time.

Increased Scarcity: As more Bitcoin is locked up in these addresses, the circulating supply decreases, potentially driving up the price due to increased scarcity.
Stronger Market Sentiment: The rise in wholecoiners can boost overall market confidence, attracting more investors and fostering a more bullish outlook.
Long-Term Holding: These holders are less likely to engage in short-term trading, reducing market volatility and promoting stability.

The Role of Price Volatility

Interestingly, the increase in the number of Bitcoin addresses holding at least 1 BTC coincided with periods of significant price volatility.As the price of Bitcoin fell more than 65% over the course of the previous year, the number of wallet addresses holding one Bitcoin or more spiked.This suggests that many investors viewed the price dips as buying opportunities, accumulating more Bitcoin at lower prices.These ""convicted buyers"" are often seen as a strong indicator of Bitcoins resilience and long-term potential.

For example, consider an investor who had been eyeing Bitcoin but was hesitant due to its high price.When the price dipped significantly, they might have taken the opportunity to purchase one whole Bitcoin, believing it to be a valuable asset at a discounted rate.This behavior, replicated across many individuals, contributed to the increase in the number of wholecoiners.

The Concentration of Bitcoin Wealth

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While the increasing number of wholecoiners is a positive sign, it's essential to acknowledge the concentrated nature of Bitcoin wealth.Despite the decentralized nature of the Bitcoin network, the distribution of wealth is far from even.

Data from BitInfoCharts reveals that only a small percentage of Bitcoin addresses control a significant portion of the total supply.Only 7% of the total supply (1.356 million BTC, worth $36.4 billion) is distributed among the nearly 46.5 million addresses with at least some bitcoin but less than one.

This concentration raises concerns about potential market manipulation and the influence of large holders on the price of Bitcoin.However, it's important to note that some of these large holdings may belong to exchanges or custodians who hold Bitcoin on behalf of many users, making the actual distribution more dispersed than it appears.

Decoding the Glassnode Data

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Glassnode's data provides valuable insights into the behavior of Bitcoin holders.Their metrics track the number of unique addresses holding at least one coin, offering a glimpse into the growth of the ""wholecoiner"" community.By monitoring these metrics, investors can gain a better understanding of market trends and make more informed decisions.Understanding how Glassnode data is collected and interpreted is crucial to accurately assessing Bitcoins on-chain activity.

Glassnode’s data is derived from analyzing the Bitcoin blockchain itself.Every transaction, every address balance, is publicly and transparently recorded.Glassnode takes this raw data and applies sophisticated algorithms and analytical techniques to extract meaningful insights.For example, they can distinguish between exchange addresses and individual wallets, track the movement of coins, and identify patterns in investor behavior.Their methodologies are constantly evolving as the Bitcoin network and its use cases grow in complexity.

Interpreting the Trends

The trend of increasing wholecoiners, as highlighted by Glassnode, can be interpreted in several ways:

Growing Institutional Interest: The accumulation of Bitcoin by institutions contributes significantly to the increase in wholecoiners.
Retail Investor Confidence: Despite market volatility, retail investors continue to see Bitcoin as a valuable asset.
Long-Term Investment Strategy: Many investors view Bitcoin as a long-term investment and are accumulating it gradually over time.

Impact on the Bitcoin Ecosystem

The rise in Bitcoin addresses holding 1 BTC or more has several implications for the broader Bitcoin ecosystem.It can lead to increased stability, reduced volatility, and greater adoption of Bitcoin as a mainstream asset.

A larger base of wholecoiners typically means that more Bitcoin is held for the long term, reducing the supply available for trading on exchanges.This can lead to upward pressure on the price, especially during periods of high demand.Furthermore, a community of dedicated holders can contribute to the overall health and development of the Bitcoin network by actively participating in governance and supporting new initiatives.

The Future of Wholecoiners

Looking ahead, the trend of increasing wholecoiners is likely to continue as Bitcoin gains wider acceptance and adoption.Factors such as inflation, geopolitical uncertainty, and the increasing digitalization of the global economy could further drive demand for Bitcoin as a store of value.The future success of Bitcoin as an asset is closely tied to the continued growth and activity of the wholecoiner community.As Bitcoin matures and evolves, these dedicated holders will play a vital role in shaping its future.

Actionable Insights for Investors

So, what can investors learn from this milestone and the trends revealed by Glassnode's data?Here are some actionable insights:

Consider a Long-Term Investment Strategy: If you believe in Bitcoins long-term potential, consider accumulating it gradually over time.
Take Advantage of Price Dips: Use price corrections as opportunities to increase your Bitcoin holdings.
Stay Informed: Keep up-to-date with market trends and on-chain data to make informed investment decisions.
Diversify Your Portfolio: While Bitcoin can be a valuable asset, it's essential to diversify your portfolio to mitigate risk.

Common Questions About Bitcoin Addresses and Holdings

Here are some frequently asked questions related to Bitcoin addresses and holdings:

What is a Bitcoin address?

A Bitcoin address is a unique identifier that allows users to send and receive Bitcoin.It's similar to a bank account number.

How many Bitcoin addresses can one person have?

A person can have an unlimited number of Bitcoin addresses.It's recommended to use a new address for each transaction to enhance privacy.

What happens if I lose my Bitcoin address?

Losing your Bitcoin address is not a problem as long as you have access to the corresponding private key.The private key is what allows you to control the Bitcoin associated with that address.Losing your private key means losing access to your Bitcoin.

How can I track the number of Bitcoin addresses holding 1 BTC or more?

You can track this data using on-chain analytics platforms like Glassnode or CryptoQuant.These platforms provide real-time data on various Bitcoin metrics, including the number of addresses holding specific amounts of Bitcoin.

The Road Ahead: Bitcoins Continued Growth

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The achievement of one million Bitcoin addresses holding 1 BTC or more is a testament to the cryptocurrency's enduring appeal and growing adoption.While challenges remain, the increasing number of wholecoiners suggests a strong foundation for Bitcoins continued growth.As the digital asset landscape evolves, the role of these dedicated holders will be crucial in shaping the future of Bitcoin.It highlights that despite the market's volatility, a dedicated group of investors still hold firm, buying the dips, and securing their place in the Bitcoin ecosystem.As institutional interest grows and adoption widens, there are strong indicators to expect further growth in the number of addresses holding 1 BTC or more.It’s a journey that requires understanding, patience, and strategic accumulation, and these million wallets demonstrate it is an attainable goal.

Understanding Bitcoins potential requires ongoing education and careful consideration of both its opportunities and risks.Continue to monitor the market, stay informed, and invest responsibly.Consider exploring resources like Glassnode for data-driven insights.Also, remember to consult with a financial advisor before making any investment decisions.