Data: The number of addresses holding more than 0.1 BTC exceeds 3 million, a record high

Small Bitcoin (BTC) ownership continues to increase as the number of addresses with a balance of at least 0.1 BTC surpassed a new all-time high (ATH).

While the number of addresses does not necessarily indicate unique ownership, the trend may still indicate that BTC ownership is becoming increasingly attractive to retail buyers.

The number of addresses holding more than $950 worth of Bitcoin exceeds 3 million

According to data from on-chain analytics firm Glassnode, the number of Bitcoin addresses holding at least 0.1 BTC has reached a new all-time high. The number of 3,054,282 addresses breaks the previous record of 3,054,070 set on May 21.

Based on the current Bitcoin price, 0.1 Bitcoin is equivalent to about $950.

As is evident from the chart above, retail BTC ownership remains an attractive proposition. Several reports from 2020 alone have shown interest in Bitcoin from “small money players.”

Back in April, Coinbase reported a massive spike in purchases of $1,200 worth of Bitcoin, the amount of dollars doled out by the U.S. government in its COVID-19 stimulus package. Retail investors reportedly bought the dip even during the Black Thursday market crash in March.

The situation is similar for the “wholesale investors” category. The number of wallets holding at least 1 BTC is also increasing. Data from Glassnode shows that the number of addresses holding more than 1 BTC has surpassed the 800,000 milestone.

Bitcoin statistics indicate that growing demand could kick-start the next bull run. The HODL factor is strong in the crypto space. As BeInCrypto previously reported, about 50% of the active BTC supply has not moved for more than a year.

Meanwhile, approximately 79% of Bitcoin’s supply is currently in profit, thanks to the market’s remarkable recovery since the mid-March crash.

Platforms like Square’s Cash App are capitalizing on this retail Bitcoin purchasing trend. In May, Cash App announced a new feature that allows for automated, recurring BTC purchases.