The number of Bitcoin (BTC) addresses holding over $1 million surged in the first half of 2025, according to the latest findings from Finbold’s H1 2025 Cryptocurrency Market Report.
Between January 1 and June 30, 2025, the total number of millionaire Bitcoin wallets increased by 26,758, rising from 155,569 at the beginning of the year to 182,327 by the end of June.
From Q1 decline to Q2 BTC recovery
Interestingly, the majority of that growth occurred in the second quarter. In Q1, the number of millionaire addresses actually declined by 13,942, dropping from 155,569 on January 1 to 141,627 on March 31. That decline included 12,687 fewer addresses holding $1 million and 1,255 fewer addresses holding over $10 million.
However, Q2 delivered a sharp rebound. By June 30, the number of wallets holding at least $1 million had jumped to 161,839, an increase of 21,589 addresses in just three months. The number of $10 million+ addresses also saw a significant rise, up 5,169 over the same period, resulting in a net gain of 26,758 new millionaire wallets over H1.
Bitcoin accumulation trend returns
The resurgence in high-value wallet addresses reflects strong buying activity during market dips earlier in the year, as well as renewed institutional demand following the launch of U.S. spot Bitcoin ETFs.
The April 2025 halving event, which cut block rewards from 6.25 to 3.125 BTC, also created bullish sentiment by reinforcing Bitcoin’s long-term scarcity narrative and saw the digital asset hit $111,970 on May 22, 2025.
While each wallet does not represent a unique individual since some entities may control multiple addresses, the metric is widely used as a proxy for accumulation by wealthy investors, funds, and crypto-native firms.
The addition of more than 26,000 new Bitcoin millionaires in just six months marks one of the strongest accumulation cycles since the 2021 bull run, potentially signaling broader market strength heading into the second half of the year.
