• September 29, 2023


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The Amount of Bitcoins Accumulated by Hodlers Hits a New Record

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According to analysts from Ark Invest, long-term investors or hodlers have been buying up Bitcoins over the past few months.

They took advantage of the collapse of the BTC rate in the spring and summer of 2022 and accumulated a record amount of cryptocurrency. Hodlers now control approximately 13.7 million coins, which is 71.5% of the total supply of the larges crypto in terms of capitalization.

According to Ark Invest, hodlers are those investors who hold their cryptos for more than 155 days. During the year, the number of such wallets has increased by more than 2%.

The large volume of BTC held by hodlers leads to less pressure on the asset, because its supply on the exchanges is reduced.