Number of BTC holders reached a record high

IntoTheBlock’s analysts have reported that the number of addresses on the bitcoin network has grown to 40 million

14.03.2022 - 16:00

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What’s new? As of 14 March, almost 40 million addresses store BTC on their balance sheet, IntoTheBlock reports on Twitter. The company’s analysts stated that 888 000 new addresses with balances in BTC have joined the network since the beginning of 2022. The accumulation of bitcoin has increased in recent months, although there is a noticeable gap between the number of holders of less than 1 BTC and those holding between 1 000 and 10 000 BTC.

Source: Twitter.com

What is known about IntoTheBlock? The company is an analytics company that applies cutting-edge AI research to provide quality information for the cryptocurrency market. IntoTheBlock’s best-known partners are Binance, CoinGecko, and Blockchain.com.

What preceded it? In January, crypto analyst Willy Woo reported an increase in BTC reserves in public companies. He said that private corporations holding a significant amount of BTC have won market share from spot ETFs.

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