Bitcoin Addresses With Over $1K of BTC Hits Record 8M, Data Shows (2024)

FAQs

How many Bitcoin addresses does 1 Bitcoin have? ›

However, some estimates can be made based on blockchain data and surveys of Bitcoin holders. According to data from Bitinfocharts, as of March 2023, there are approximately 827,000 addresses that hold 1 bitcoin or more, representing around 4.5% of all addresses on the Bitcoin network.

In order for Bitcoin to reach $1 million, it would have to increase by roughly 15x from its current price. While that seems quite possible given Bitcoin's historical performance, the market cap of Bitcoin would have to grow to roughly $20 trillion in order for the $1 million price tag to become a reality.

So, who are the top holders of BTC? According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto, the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024. The company notes that Satoshi Nakamoto holds about 1.1m BTC tokens in about 22,000 different addresses.

Binance owns the largest cold storage wallet address, 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo, which holds 248,597 BTC.

Bitcoin Ownership is Widely Distributed

As such, Bitcoin's ownership structure reflects the decentralized, open-source nature of Bitcoin's technology. In reality, only 2.3% of all Bitcoin owners own 1 BTC or more (worth around $35K per Bitcoin as of November 6th, 2023).

A bitcoin address is a 26-62 alphanumeric character identifier that is used to receive bitcoin. There are several address formats based on different specifications. When users enter an address, these formats have specific prefixes, so it is possible to determine which format is being used.

For the third year running, Changpeng Zhao, founder and former CEO of crypto exchange Binance, is crypto's wealthiest person.

Known Bitcoin reserves held by governments account for 2.7% of the total 21 million supply of bitcoins, with the largest being the US Government with over 210,000 bitcoins worth more than $13bn at the time of writing.

⭐ First place goes to 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo, which is defined as a Binance cold wallet: This address holds a whopping 248,597 BTC or just over $6.4 billion at the current Bitcoin price.

Is Putin behind Bitcoin? ›

This idea probably came from the country's planned launch of a digital rouble sometime in early 2022. This makes the idea that Russia played any role in the creation of Bitcoin highly unlikely.

Collectively, individual investors own the lion's share of bitcoin, 57%. These folks are the unpredictable factor that could stir the price pot if they decide to cash out. But most seem to be the buy-and-hold type: with a solid 70% of bitcoin lying dormant in wallets for over a year.

As of March 2024, there are just over 46 million Bitcoin wallets holding at least $1 of value. This figure is based on the number of unique addresses. In total, approximately 460 million Bitcoin wallets have been created.

Using multiple addresses for the same wallet can enhance your privacy. If you always use a new address to receive crypto, then if you share one of the addresses with someone, they can only view the transactions and balance associated with that address.

There are between 700,000 and 1,000,000 active addresses per day. This means there are, likely, 300,000 - 500,000 unique users either sending or receiving Bitcoin per day.