According to data from Bitcoin Magazine Pro, there are 1,012,650 Bitcoin addresses that contain 1 BTC or more.
This represents more than 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 U.S. spot Bitcoin ETFs collectively hold over 901,000 BTC, while MicroStrategy, a major corporate Bitcoin holder, owns 226,500 BTC. Additionally, MicroStrategy plans to raise $2 billion to buy more Bitcoin, further emphasizing the trend of institutions buying and holding substantial amounts of BTC, tightening the available supply as demand increases.
The number of Bitcoin addresses holding 1 BTC or more has historically lagged behind BTC’s price. However, in the past two years, this trend has reversed, with the number of these addresses increasing more rapidly than Bitcoin’s price. This shift signals growing adoption and reflects rising long-term confidence in Bitcoin, as more users accumulate and hold significant amounts of Bitcoin.
The rise in addresses with 1 BTC or more signifies that both retail and institutional investors are actively accumulating Bitcoin. With only 21 million BTC ever to be mined, and approximately 19 million already in circulation, the demand for Bitcoin appears to be increasing as users aim to secure their share of the limited supply.
For more detailed information, insights, and to sign up to access Bitcoin Magazine Pro’s data and analytics, visit the official website here.
I’m an attorney. As soon as I found Bitcoin I began thinking about how it would change the justice system, the rule of law, and the ways in which society resolves disputes. That was the topic of my first article for Bitcoin Magazine, which concluded with these words:[W]hile Bitcoin will have a destabilizing effect on
Despite the sale, Nasdaq-listed miner Marathon continues to hold one of the largest public bitcoin treasuries in the world.Marathon Digital, a publicly traded bitcoin mining company, has announced the sale of bitcoin for the first time in two years.“We intend to continue to sell a portion of our bitcoin holdings in 2023 to fund monthly…
The U.S. FinCEN has hired Michele Korver, previously in the DOJ Digital Currency Council, as the first-ever Chief Digital Currency Advisor.The U.S. Financial Crimes Enforcement Network (FinCEN) announced today that Michele Korver, previously in the U.S. Department of Justice’s (DOJ’s) Digital Currency Council, will serve as FinCEN’s first Chief Digital Currency Advisor.“Ms. Korver will advance…
Today marks the official release of Bitcoin Core 0.21.0, the 21st major release of Bitcoin’s original software client launched by Satoshi Nakamoto almost 12 years ago. Overseen by Bitcoin Core lead maintainer Wladimir van der Laan, this latest major release was developed by well over a hundred contributors in a span of about six months.…
Government authorities in Argentina are requiring cryptocurrency exchanges in the country to provide monthly data on users and transactions.Despite various anti-free market policies discouraging bitcoin use in Argentina, adoption has continued to accelerate in the capital control-stricken country. In the government’s most recent move, the Federal Administration of Public Revenue (AFIP), essentially the Argentinian version…
Today, Blockstream, a global leader in Bitcoin infrastructure, announced a partnership with Swan Bitcoin, a prominent Bitcoin-only financial services company, to launch Swan Vault, enabling customers to safeguard their Bitcoin via collaborative custody, according to a press release sent to Bitcoin Magazine. Swan Vault is powered by Blockstream Jade, an open-source Bitcoin hardware wallet."Integrating Blockstream
Today, history was made as President Donald Trump became the first US president to make a Bitcoin payment. WATCH: 🇺🇸 DONALD TRUMP MAKES FIRST #BITCOIN TRANSACTION AT NYC BAR pic.twitter.com/rAjae6agH1— Bitcoin Magazine (@BitcoinMagazine) September 18, 2024 The former President showed up to PubKey, a Bitcoin-themed bar located in the heart of Greenwich Village, New York
The bill would provide tax exemption on bitcoin transactions for less than $50 or trades netting a gain of less than $50.The Virtual Currency Tax Fairness Act seeks to provide tax exemption for transactions up to $50 or trades which net a capital gain of less than $50.Senators Patrick Toomey and Krysten Sinema will introduce…
BloqLabs has opened up the beta waitlist for Titan, a fully integrated software suite for managing cryptocurrency mining. The project was introduced by Bloq CEO and co-founder Jeff Garzik onstage during a brief speech at Binance Fair in Singapore in an overview discussion of BloqLabs. Cryptocurrency mining can be profitable but optimizing and managing devices…