In just over a year, Bitcoin addresses holding 10 or more BTC increased by 71%.

Between February 2022 and March 2023, 10,279 new BTC wallets joined the cohort holding 10+ bitcoin, according to on-chain data.

Wallets with 10-100 bitcoin hold over 4.4 million BTC, or roughly 23% of the supply.

While cryptocurrency prices plummeted as the 2022 bear market spread across the industry, the number of addresses holding 10 or more bitcoins continued to rise. Between February 2022 and March 2023, wallets in this category increased by 71%.

10.3k addresses with 10+ BTC added since February 2022

The number of addresses with more than 10 BTC has increased by 10,279 since February 2022, according to the most recent data from crypto analytics platform Santiment.

According to the data, total bitcoin holdings in this cohort have remained relatively stable. However, a 71% increase in the number of addresses in the last year or so has brought these wallets' total holdings close to the all-time highs reached in 2019.

Santiment tweeted on Thursday that the number of bitcoin wallets with 10 or more BTC is currently 155,000, just 2,000 less than the all-time high of September 2019.

According to bitcoin distribution data as of March 30, approximately 139,864 wallets hold between 10-100 bitcoin, with total holdings of more than 4.43 million coins accounting for 23% of supply. Another 14,033 wallets currently hold 100-1000 BTC, accounting for slightly more than 20% of the total supply of 3.9 million BTC.

According to on-chain data, the largest whales with 1k-10k bitcoin and 10k-100k BTC holdings are 1,906 and 112 respectively. These wallets collectively hold approximately 6.9 million coins, accounting for approximately 35% of the bitcoin supply.