Bitcoin (BTC) has crossed a significant threshold this month — and while it does not involve price, it does involve “millions.”

Data from on-chain analytics firm Glassnode confirms that as of May 18, there are over 1 million addresses that hold at least 1 BTC.

Back: Adoption trend lays path to “hyperbitcoinization”

It was a long time coming and received much attention on social media, and the time is finally here — there are 1 million entities that own a whole Bitcoin.

These “wholecoiners” have been steadily accruing since mid-2021, Glassnode shows, and the upward trend in 1-BTC wallets has seen almost no reversal since.

In 2022, however, the trend accelerated, having started the year with 814,000 wholesalers and finishing it with 978,000 — an increase of 20%.