The number of Bitcoin "whole-coiners," or addresses holding one or more Bitcoin, has remained above 1 million for the last 13 months.

The number of wholecoiner wallet addresses first reached on May 13, 2023, when Bitcoin was trading at just $27,000, according to data from Glassnode. This number of wallet addresses reached an all-time high on January 1 of this year, with just over 1,024,000 wallets holding one or more Bitcoin, according to Glassnode.

The number of Bitcoin wholecoiners tends to rise and fall with the swings and turns of the cryptocurrency market, but it has stayed above 1 million for more than a year now.

The "one million" Bitcoin wallet milestone points to a notable increase in the number of Bitcoin owners. It's crucial to remember that a single Bitcoin wallet address does not always belong to a single person.

Numerous cryptocurrency investors possess multiple Bitcoin addresses, while significant institutions such as investment firms and cryptocurrency exchanges own substantial amounts of Bitcoin through these addresses.

2.48 million of the 19.7 million Bitcoin that are presently in circulation, valued at $152 billion, are stored on significant centralized exchanges like Binance and Coinbase.

Furthermore, estimations from Glassnode indicate that a staggering 3 million BTC, valued at $80.4 billion and representing 17% of the whole circulating supply, are "lost forever."

When Bitcoin was first introduced on January 3, 2009, Sataoshi Nakamoto's wallet address was the only one that contained several Bitcoins.

By the start of 2010, this number had rapidly increased to 30,000, and it continued to rise for the next eight years.

Wallet addresses for Bitcoin wholecoiners have occasionally experienced substantial drops of up to 30,000.

This has happened three times in total: in the depths of a protracted bear market in September and December 2018, between March and May 2016, and between February and July 2021 amid a strong sell-off following a spectacular surge months earlier.