Bitcoin lost 7,485 millionaire addresses in 2025 even as portfolios grew beyond $10 million, indicating sharper asset concentration despite strong ETF inflows and gains early in the year.
Summary
- Bitcoin millionaire addresses fell from 155,569 to 148,084 in 2025, wiping out previous gains and averaging a net loss of about 21 such wallets per day.
- The number of addresses holding more than $10 million in BTC rose from 15,319 to 16,368, indicating an intensification of wealth concentration on the chain as the number of mid-range holders thinned out.
- The shift came as Bitcoin finished below its peak in 2025 despite strong ETF inflows, and follows the surge of 56,325 new millionaire addresses in 2024.
The number of Bitcoin addresses with at least $1 million fell by 7,485 in 2025 and fell to 148,084 by the end of the year, according to Finbold’s 2025 Cryptocurrency Market Report released this week.
Bitcoin millionaires are falling
Bitcoin (BTC) millionaire addresses fell from 155,569 on January 1 to 148,084 on December 31, 2025, even as Bitcoin exchange-traded funds attracted billions in inflows throughout the year, the report said.
According to the data, addresses worth $10 million or more increased from 15,319 to 16,368 over the same period. The figures indicate that the concentration of wealth increased as the wallets of middle-income millionaires decreased, Finbold reported.
According to the analysis, the net loss amounts to the disappearance of approximately 21 Bitcoin millionaire addresses per day during the year.
One individual can control multiple Bitcoin addresses, meaning the number of wallets does not correspond one-to-one to unique individuals, the report said. However, according to Finbold, the trend provides an indication of changes in the distribution of wealth within the chain.
By the end of the third quarter of 2025, Bitcoin had added a net 20,688 millionaire addresses to date, driven by price momentum earlier this year, the data showed. According to the report, there was a turnaround in the last quarter that wiped out previous gains and put the annual figure in negative territory.
The contraction occurred as Bitcoin remained embedded in institutional portfolios, Finbold said. Bitcoin started trading around recent highs in 2025 and ended the year lower, reflecting a net price decline despite continued demand through regulated investment vehicles, the report said.
In 2024, Bitcoin added 56,325 new millionaire addresses, an average of 154 per day, according to Finbold’s previous data. The 2025 figures marked a shift in wealth dynamics within the chain, with larger holders expanding their footprints while smaller millionaire portfolios exited, the report concluded.
