More Than 60 New Bitcoin Addresses Holding 1,000 to 10,000 BTC Emerged in 2024

As of September 29, data from BitInfoCharts, a platform specializing in crypto stats, shows 21.83 million Bitcoin addresses holding over $100 in Bitcoin (BTC)—an increase of 2 million since early January. Over the same period, addresses with more than $1,000 in Bitcoin grew from 8.9 million to 10.53 million.

Meanwhile, large Bitcoin holders—often called dolphins, sharks, and whales—have added 101 new addresses. About 40 hold between 100 and 1,000 BTC, valued between $6.34 million and $63.4 million. Typically, dolphins hold 100 to 500 BTC, sharks 500 to 1,000 BTC, and whales over 1,000 BTC.

Currently, 1,975 addresses hold between 1,000 and 10,000 BTC. Early this year, 107 addresses held between 10,000 and 250,000 BTC, but that number has now fallen to 103.

In recent years, institutional interest in Bitcoin has skyrocketed, driven mainly by major players like MicroStrategy, Tesla, and various investment funds. The approval of Bitcoin ETFs in early 2024 has acted as a key catalyst, offering these investors easier and more regulated access to the digital asset. Just one month after the approval, institutional funds accumulated about 90,000 BTC, highlighting the growing demand and a shift toward greater legitimacy.

Mohamad Hassan Fahs, also known as Sani (founder of TimechainIndex.com), recently shared an insightful analysis on retail investors via X. For years, Sani has been a leading figure in analyzing Bitcoin and publishing studies highlighting key crypto market shifts.

“As of the latest data, 54,411,314 positive Bitcoin addresses are holding a total of 19,760,011 BTC.

Of these, 12,423,601 addresses hold more than 1,000,000 Satoshis, collectively representing 19,709,087 BTC.

According to data from timechainindex, approximately 155k addresses belong to non-individual entities such as exchanges, corporations, over-the-counter (OTC) traders, governments, ETFs/ETPs, custodians, and dormant Coinbase rewards from before 2014, holding a combined total of approximately 8.1 million BTC.

This leaves approximately 12.27 million addresses, likely held by individuals, collectively accounting for approximately 11.6 million BTC”.

It’s worth noting that interest in cryptocurrencies is drawing a more diverse crowd, with a noticeable rise in female participation. Recent studies show that the share of women owning crypto has jumped from 18% in 2023 to almost 30% by early 2024. This shift suggests more diverse investment strategies, which could further enrich the market.

Editor’s Note: This piece, drawn from an article on Bitcoin.com, sheds some additional light on the key factors behind current cryptocurrency investment trends.

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