Whale addresses containing bitcoin digital coins have now reached a never-before-seen level. There are more than 94 000 BTC addresses that are holding at least $1 million worth of bitcoin tokens. This is a significant and noticeable jump in big fish addresses since the start of the year. This Thursday Bitcoin reached a record high price of $52 500.
Recent reveals by the data provider and on-chain market analysis Glassnode discloses that bitcoin’s jump in 2020 from $20 000 to higher peaks is the reason why so many BTC millionaires exist today.
The current market cap for BTC is at $970 billion, making it more valuable than Tesla and Facebook, as it crossed the market cap of both companies last week.
This direct spike in bitcoin whale wallets is a clear indication that the owner will not be selling the cryptocurrencies any time soon.
Meanwhile, the largest business intelligence firm, MicroStrategy recently announced that it will be raising $900 million to push the company in the race for accumulating Bitcoin. The firm currently holds more than 71 000 BTC, surpassing the mark earlier this month. Furthermore, Bitcoin was able to get the attention of the Dubai free economic zone KIKKLAB that is actually backed by the local government. The zone will be accepting payment in Bitcoin and other cryptocurrencies for trade licensing.