Number of BTC Whales Soars Amid Imposition of Sanctions Against Russia

Reading Time: < 1 minute

The number of Bitcoin addresses with balances of more than 1,000 BTC increased by more than 6% yesterday, reaching 2,226. This indicator had not reached this level since March 2021, according to Glassnode.

According to Coin Metrics, the total amount of funds at such addresses started to grow at the end of January 2022. Last month, the value updated an all-time high above 8.1 million BTC. At the same time, on February 28, there was a slight drop in the indicator (-0.34%) to 8.06 million BTC.

The number of BTC addresses with a balance of more than 100 BTC on February 28 also increased, although not that much. During the day, the indicator increased by 1.3%, to 15,929.

The volume of funds under management of these wallets similarly started to grow at the end of January.