The number of bitcoin wallets holding more than $10 million rose above 4,500 this weekend

More than 4,500 bitcoin wallets are holding value in excess of $10 million, data collected by The Block Research shows.

The interactive graph below breaks down the number of bitcoin wallets with a balance of more than $X for different categories, ranging from those above $1,000 to more than $10 million. As the graph lines indicate, bitcoin's price push above the $20,000 market had a noticeable impact on the data.


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Indeed, more than 4.6 million bitcoin wallets were holding more than $1,000 in value as of December 20. Conversely, roughly 271,000 wallets were holding balances in excess of $100,000 of that date.

It should be noted that the number of wallets does not indicate the number of coin holders, as an individual's holdings — or a business's holdings — may be spread across many wallets.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.