Over 26K Millionaires Minted in H1 2025

• The Bitcoin millionaires count surged to 26,758 in the first half of 2025.
• Q2 saw the highest millionaires amid soaring BTC accumulation.

Bitcoin (BTC) continues to pave the way for wealth creation among global investors in 2025. In the first half of the year, Bitcoin addresses holding over $1 million increased by over 26,000.

The surge in the number of Bitcoin millionaires follows the bullish rally in the price of BTC in the first half of 2025. Also, it represents one of the strongest accumulation cycles since the 2021 bull run.

New Bitcoin Millionaires Emerge in H1 2025

In its H1 2025 report, Finbold Research revealed that the total number of millionaire Bitcoin wallets increased by 26,758. The study considered only wallets created between January 1 and June 30, 2025. 

Note that 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.

Bitcoin wallet addresses with over $1 million stood at 155,569 at the beginning of the year. By the end of June, the number of addresses had climbed to 182,327. This resulted in a net gain of 26,758 new millionaire wallets over H1.

The majority of these millionaires emerged in the second quarter (Q2). In the first quarter (Q1), the number of millionaire addresses dropped from 155,569 on January 1 to 141,627 on March 31. 

Q2, however, delivered a sharp rebound. The number of BTC wallets with at least $1 million in value increased to 161,839 by June 30. This move marks an increase of 21,589 addresses in just three months. Bitcoin addresses with over $10 million increased by 5,169 over the same period. 

The growth in Bitcoin millionaires in H1 2025 is a continuation of last year’s trend. As mentioned in our previous news brief, Bitcoin saw 154 millionaires created daily between December 31, 2023, and December 31, 2024. Within this period, the number of millionaires surged to 56,325. 

Soaring BTC Accumulation

In H1 2025, the resurgence in high-value wallet addresses reflects strong buying activity during market dips. In a previous article, we discussed that whale wallets holding Bitcoin increased sharply after the price decreased to the $80,000 region.

A renewed institutional demand for US spot Bitcoin Exchange-Traded Funds (ETFs) also contributed to the surge in millionaire wallets. As we covered in our latest report, the BTC ETFs have crossed the $1 billion inflows mark. 

Despite rising geopolitical tensions at the time, institutional players showed confidence in the future trajectory of Bitcoin.

The April 2024 halving event also generated bullish sentiment for Bitcoin, reinforcing its long-term narrative of scarcity. On May 22, 2025, Bitcoin hit an all-time high of $111,970.

Meanwhile, profit-taking is muted as disclosed in an earlier report. According to Glassnode, traders are sitting on $1.2 trillion in unrealized profits, meaning they are yet to cash in. This situation has raised speculations about a potential BTC sell-off.

As of this writing, BTC is trading at $107,434, up 0.9% over the past 24 hours.

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