The number of bitcoin wallet addresses holding at least 10 BTC, worth over $105,000, has reached an all-time high.
According to data compiled by Coin Metrics, as of Sept. 1 the landscape of bitcoin ownership has reached a new milestone. The company found that 157,000 wallet addresses hold at least 10 BTC, representing the top one percent of all bitcoin holders. The vast majority of wallets hold far less, with 614,500 addresses containing between 1 and 10 BTC. The smallest group of bitcoin owners lie between 10 and 100 BTC, accounting for around half a percent of all wallet addresses.
However, individual wallets do not equate to individual bitcoin owners. A single bitcoin holder could operate multiple wallet addresses, which is generally the assumed practice for larger amounts such as 10 or more BTC.
At the very least, CoinMetric’s data shows that bitcoin owners are continuing to accumulate and hold their coins, with more wallets rising above the 10 BTC threshold than ever before.
Blockchain analytics firm IntoTheBlock also reports that the majority of bitcoin owners are likely sitting on a net profit. According to the firm, 83 percent of all bitcoin holders purchased BTC at a lower price than what it’s currently worth.