11,000 New Bitcoin Millionaires Added in August as Price Surges

After months of decline, Bitcoin's price surge in August brought an end to the bear market, according to recent data. The number of addresses holding more than $1 million worth of BTC increased by 10.4% in just a month, adding over 11,000 new 'Bitcoin millionaires' to the fold.

The total number of such wallets rose from 111,846 in late July to 123,482 on August 31. This increase was also seen among larger whales, with addresses holding more than $10 million worth of BTC rising by 11.24%.

Despite this recent gain, the number of Bitcoin millionaire addresses remains lower than January levels, suggesting that the bull market is still in its early stages. The price of Bitcoin has increased by 21.46% in the last 30 days and is at highs not seen since May, with some analysts predicting a rally towards $100,000 before the end of 2026.