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The Block: the number of wallets with a balance of more than $10 million in BTC has reached 4,500

The Block: the number of wallets with a balance of more than $10 million in BTC has reached 4,500

According to a study conducted by The Block, the number of wallets that store BTC worth more than $10 million has reached a new historical record – 4,500.

Back on December 15, the number of wallets storing more than $10 million in BTC was 3,600, but the growth in the rate of the first cryptocurrency led to an increase in the number of such wallets. However, the number of addresses that store from $1 000, $10 000, $100 000 and $1 million.

As of December 21, the number of wallets with a balance of more than $1,000 in BTC was 4.57 million. There are 1.4 million wallets holding more than $10,000. The number of addresses with a balance of more than $100,000 is at least 268,000.Larger addresses that store more than $1 million, there are 68,000.

However, the number of wallets does not necessarily correspond to the number of coin holders. Bitcoin owners can distribute their coins to different addresses, and some wallets may contain BTC belonging to different people and companies.

In early December, the number of Ethereum addresses with a balance of 1 ETH or more reached a new high of 1,175,681. This figure grew throughout the year amid the boom of the decentralized finance industry (DeFi) and the increasing popularity of cryptocurrencies.