Over 20,000 Bitcoin Addresses Hold More Than $10 Million Each, Accounting for Nearly 9.43% of Total BTC Supply
According to a report by Jinse Finance, data from Alphractal shows that currently, more than 20,000 Bitcoin addresses each hold over $10 million in value, totaling approximately $200 billion. This accounts for nearly 9.43% of BTC’s total supply and over 21% of its “realized market capitalization.” The logic behind “realized market capitalization” is that when BTC is transferred into a wallet, it is considered a “purchase,” and when transferred out, it is considered a “sale.” By calculating the average cost basis of each wallet multiplied by its holdings, the total “realized market capitalization” across the network can be determined. This metric reflects the total capital that has entered the Bitcoin market through actual on-chain activity.
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