New data reveals that over 1 million Bitcoin addresses now hold 1 BTC or more, signaling strong confidence in the cryptocurrency. This marks a significant milestone as these addresses represent a substantial portion of the 21 million BTC that will ever exist, potentially tightening the available supply.

Institutional interest continues to rise, with U.S. spot Bitcoin ETFs collectively holding over 901,000 BTC and MicroStrategy, a major corporate player, owning 226,500 BTC. MicroStrategy’s plan to raise $2 billion to buy more Bitcoin further underscores the growing trend of accumulating and holding substantial amounts of BTC.

This trend is a positive sign for Bitcoin’s future, indicating increased adoption and long-term confidence. As the number of addresses with 1 BTC or more grows faster than Bitcoin’s price, it reflects a shift in market dynamics, with both retail and institutional investors eager to secure their share of the limited supply.