Bitcoin: What happens to “wholecoiners” and their complete BTC?

Bitcoin: What happens to “wholecoiners” and their complete BTC?
Bitcoin: What happens to “wholecoiners” and their complete BTC?

Whole BTC. The adoption of the Bitcoin continues to increase over time. It must be said that this iconic cryptocurrency stands out as the most solid in its ecosystem, despite still legendary volatility. A success that has given rise to regular records, such as breaking the million mark “wholecoiners” wallets holding at least 1 full BTC in May last year. A population that has stabilized above this symbolic level since more than a year. We take stock…

Own at least 1 full BTC

The more the price of Bitcoin increases, the more complicated it becomes to own (at least) one unit of BTC. Even more so if we consider its principle of rarity programmed in relation to Growing Demand for Bitcoin Cash ETFs.

A situation that highlights a type of holders of Bitcoin Very peculiar. Code name : ” wholecoiners “. That is to say a portfolio whose balance records at least 1 BTC composed of its 100 million satoshis (sats).

A VIP club far from the fortunes amassed by the humpback whales of this ecosystem. Like the company MicroStrategy and his provisional balance sheet currently set at 226,300 BTCor a little more than $13.8 billionThe only limit is whether they will leave any for others…

BTC whales hold billions of dollars in Bitcoin

At the same time, the number of bitcoins considered lost is set at approximately 1.45 million units in 2024. This is particularly because the more the price of BTC increases, the more addresses are considered to be permanently lost become profitable again to unlock.

A (slightly) increasing population of wholecoiners

A context in which the number of wholecoiners has established itself over the long term over 1 million wallets since 2023. But what about a little over a year after crossing this symbolic level?

The number of wallets with at least 1 BTC remains above 1 million since May 2023 – Source: Glassnode

If we believe the data on the site Glass node on the subject, the number of wallets with at least 1 full BTC currently stands at 1 010 800 addresses. Which represents an increase of 1.08% since the million mark reached in 2023. A time when it was traded for only 27 000 $ !

Despite his current adventures and the rise in its price over the last year, Bitcoin maintains a fairly regular number of wholecoiner wallets. A stability which demonstrates the capacity for resilience and the confidence held by BTC among its holders.

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