Over 1 Million Addresses Now Hold 1 BTC – U.Today

In a significant development within the cryptocurrency market, the number of addresses holding more than one Bitcoin has exceeded one million.

Recent statistics from IntoTheBlock reveal that there are currently 1,010,777 addresses that meet this criterion, marking a notable achievement in the Bitcoin ecosystem.

IntoTheBlock, a prominent blockchain analytics platform, illustrated this milestone with a chart showcasing the increasing trend of individuals and entities accumulating Bitcoin to achieve “wholecoiner” status. A “wholecoiner” refers to someone who possesses at least one whole Bitcoin, a status that is becoming increasingly desirable among investors.

The data indicates a clear long-term trend: more people are working towards becoming wholecoiners. This movement reflects the broader adoption and confidence in Bitcoin as both a store of value and an investment asset. The rising number of wholecoiners signifies a growing belief in Bitcoin’s potential for long-term growth and stability.

Analysis from IntoTheBlock suggests that this upward trend is not just a short-term occurrence but rather a sustained movement. As Bitcoin has matured over the years, the number of addresses holding a minimum of one Bitcoin has steadily increased.

### Implications of This Milestone

The achievement of more than one million wholecoiners is particularly significant given Bitcoin’s capped supply. With only 21 million Bitcoins ever to be mined, owning even one Bitcoin becomes increasingly valuable as demand rises. This scarcity further highlights the importance of this wholecoiner milestone.

Despite the achievement, Bitcoin has seen a decline of approximately 17% since reaching an all-time high of nearly $74,000 in mid-March, which was fueled by optimism regarding the approval of U.S. exchange-traded funds to directly hold Bitcoin.

As of the latest update, Bitcoin has experienced a slight increase of 0.04% over the previous 24 hours, trading at $61,592. The overall market sentiment has been tempered by shifting expectations regarding U.S. interest rate cuts, which has reduced appetite for risky assets.