NewsBTC
Dec 10, 2025
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Bitcoin Addresses Holding Over 0.1 BTC Stagnate at 4.44 Million Since 2023

1 min

The number of Bitcoin addresses holding more than 0.1 BTC has stagnated over the past two years, breaking a decade-long growth trend. This suggests a shift in how smaller and mid-sized investors are engaging with Bitcoin.

Key Observations

  • Historically, crossing the 0.1 BTC threshold indicated commitment from retail holders, but this pattern is no longer growing.
  • As of 2023, the number of addresses with more than 0.1 BTC has remained around 4.44 million according to Santiment data.
  • This stagnation occurs despite Bitcoin's increased mainstream visibility and recent price highs.

Bitcoin Chart

Shift in Investor Behavior

  • Larger investors, including high-net-worth individuals and funds, are increasing their holdings significantly.
  • Santiment reports that addresses holding over 100 BTC have grown in 2024 and 2025.
  • Many investors are now accessing Bitcoin via custodial solutions like Spot Bitcoin ETFs, which hold nearly $120 billion in Bitcoin.

This evolution indicates a transition from self-custodied individual ownership to a market dominated by institutional and professionally managed investments.