Over 20,000 Bitcoin Addresses Hold $200 Billion, Representing 9.43% of BTC Supply and 21% of Realized Cap

According to recent analysis by Alphractal, highlighted by COINOTAG on June 17, more than 20,000 Bitcoin addresses hold assets exceeding $10 million each, collectively representing around $200 billion. This substantial holding equates to nearly 9.43% of Bitcoin’s circulating supply and accounts for over 21% of the network’s Realized Cap. The Realized Cap metric offers a refined valuation by aggregating the average acquisition cost of BTC per wallet multiplied by the quantity held, thereby reflecting the cumulative capital inflow based on actual on-chain transactions. This approach provides a more accurate depiction of market capitalization by focusing on realized prices rather than current market value, enhancing insights into investor behavior and capital allocation within the Bitcoin ecosystem.