The Number of Addresses Holding More Than 100 BTC Has Reached A Four-Month Low (2024)

FAQs

How many wallets hold more than 100 BTC? ›

Just now, according to Glassnode data, the number of addresses holding more than 100 BTC has reached a four-month low, currently standing at 15,955.

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. However, around 90% of these wallets are inactive or hold minimal value.

Let's break down the key figures: A Chainalysis study notes that since its inception in 2009, more than 460 million Bitcoin addresses have been created. The same Chainalysis study states that only 172 million wallet addresses are economically relevant. Moreover, only 27 million of these addresses actually hold Bitcoin.

As of March 2023, the top 1% of Bitcoin addresses hold over 90% of the total Bitcoin supply, according to Bitinfocharts.

⭐ 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.

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

Some UTXO-based assets in Exodus, like Bitcoin, support multiple addresses. Using multiple addresses for the same wallet can enhance your privacy.

Billionaire Elon Musk is a huge fan of cutting-edge technology and is usually ahead of the curve when it comes to finance, but he's not a bitcoin bull. The co-founder of Tesla Inc. revealed on Twitter that he owns only a tiny fraction of one bitcoin token.

A Bitcoin wallet can actually have multiple addresses associated with it. Each address is a unique identifier that is used to send and receive Bitcoin transactions.

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.

How long does a Bitcoin address last? ›

All addresses that have been generated for your account will remain associated with your account forever. They are safe to re-use to receive future payments, but for the prior stated reasons, we recommend using a unique address for all transactions. You can view your complete list of crypto addresses at any time here.

Addresses starting with a “3”. These are known as P2SH (Pay-to-script-hash) addresses. There are many types of this format, but the most common is known as “Wrapped Segwit”.

Why did Nakamoto disappear? Some have speculated that he may have taken his own life. Or maybe he wanted to wash his hands of his bitcoin project, walking away from it all and maintaining his anonymity.

Bitcoin was created by an anonymous person or group using the pseudonym Satoshi Nakamoto. Nakamoto published a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System," outlining the concept of a decentralized digital currency. 1 The true identity of Satoshi Nakamoto remains unknown to this day.

Let's file this one under “wildly improbable but oh-so-juicy.” While Putin may possess many talents, cryptocurrency visionary likely isn't one of them. However, the conspiracy theory certainly highlights the enduring mystique of Satoshi Nakamoto and our fascination with the shadowy forces that shape the digital world.

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).

Only 7% of the 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 — per BitInfoCharts. The other 93% (18 million BTC, worth $482.7 billion) exists in the one million addresses that now own a full BTC.

Simple math shows that the average bitcoin holding per person is about 262,500 satoshis. At $69,000 per bitcoin, that works out to an investment of about $180 to reach the global average bitcoin allocation.