The number of cryptocurrencies holding 1000 BTC has reached a historic high

Analysts of the digital asset market note that the number of wallets with more than 1000 bitcoins BTC $55,696.89 Bitcoin -2.70% Market capitalization $1.1 trillion VOL. 24 hours $2.68 billion is approaching a new historical high. This indicates a strong interest of institutional investors in the first cryptocurrency. Well-known companies, such as MicroStrategy and Semler Scientific, are investing heavily in bitcoin, increasing its attractiveness as a reserve asset. Thus, Semler Scientific has made a $ 17 million purchase of bitcoins and plans to raise an additional $ 150 million for further acquisitions.

In 2024, the number of bitcoin wallets owned by large investors and containing at least 1000 BTC increased by 40 units or 1.9%, almost reaching a record high of over 2070.

The growth in the number of bitcoin ETFs also affects the availability and price of the cryptocurrency, as demand from ETFs already far exceeds the daily supply of the flagship crypto asset generated by miners. After the April halving, the supply of bitcoin increased by only 3125 BTC per new block.

In the first quarter of 2024, bitcoin almost doubled its value, rising from $ 42,000 to a new peak of $ 73,800. Currently, bitcoin is valued at $ 66,954, which is 1% less than in the last 24 hours. The coming months will show whether large investors will continue to accumulate digital gold amid potential market fluctuations.