Number of bitcoin millionaires declined by 75% amid market downturn

More than 80 000 investors lost their crypto millionaire status

30.06.2022 - 14:20

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1 min

What’s new? The number of bitcoin millionaires has decreased by more than 75% since November 2021. As of June 30, only 26 284 addresses contain more than $1 million in assets, according to Cointelegraph. On November 12, 2021 — after the first cryptocurrency hit its all-time high (ATH) of $69 044 — the number of millionaire wallets was 108,886.

Cointelegraph's material

As of June 30, 13:40 UTC, bitcoin is trading at $18 965. Over the past 24 hours, the exchange rate of the asset has fallen by 4,75%, according to Binance.

The situation of major BTC holders. The sharp fall in the price of bitcoin also affected investors holding an asset worth more than $10 million — their number decreased by 58%, from 10 587 to 4 342 addresses. Meanwhile, more than 250 000 addresses have added 0,1 BTC or more to their assets in the past 20 days, according to analytics company Glassnode.

For example, MicroStrategy bought 480 BTC at a price of $20 817 in late June. The company has a total of 129 699 BTC ($2,45 billion) on its balance sheet. Also between June 14 and June 18, the largest OTC bitcoin holder purchased 2 554 BTCs worth about $52 million. In total, it owns 130 227 bitcoins worth $2,46 billion.

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