61 new Bitcoin addresses holding 1,000 to 10,000 BTC in 2024

Data reveals that 61 new Bitcoin (CRYPTO:BTC) addresses holding between 1,000 and 10,000 BTC have emerged since the start of 2024, signaling increased participation from high-value investors.

These addresses now manage assets valued between $65.6 million and $656 million.

This trend reflects a broader shift among large-scale Bitcoin holders, commonly known as dolphins, sharks, and whales, who are making notable investments in the cryptocurrency market.

As of September 29, 2024, according to bitinfocharts.com, a total of 21.83 million Bitcoin addresses hold more than $100 worth of BTC, an increase of 2 million since the start of the year.

During the same period, the number of Bitcoin addresses holding over $10,000 in BTC rose significantly by 781,250, reaching a total of 3.5 million.

While there has been a decrease in smaller "crab wallets," which hold between 1 to 10 BTC, Bitcoin’s broader adoption is evident in the rising number of addresses holding substantial amounts.

Sani, founder of timechainIndex.com, noted that individual investors now hold roughly 11.6 million BTC across 12.27 million addresses, underscoring the growing but still early adoption of Bitcoin.

According to Sani, this means around 0.15% of the global population holds significant amounts of the cryptocurrency.

“This highlights how early we are in the broader adoption of Bitcoin, with current levels still falling short of many expectations,” Sani remarked.

Despite increasing awareness and institutional interest, a relatively small portion of the global population currently holds meaningful amounts of Bitcoin.

The data emphasises that widespread adoption is still in its infancy, leaving ample room for further growth as more individuals and entities begin to embrace digital assets.

At the time of writing, the Bitcoin price was $63,670.51.