Bitcoin Millionaires Surge 10.4% in August Amid Market Recovery
The cryptocurrency market showed signs of recovery in August 2026 as Bitcoin prices rose and more addresses held over $1 million worth of BTC.
Data from Finbold and BitInfoCharts shows that, between late July and the end of August, the number of addresses with more than $1 million worth of BTC increased by 10.4%, adding 11,636 new 'Bitcoin millionaires' to the total of 123,482 such wallets.
This increase was also seen among larger whales, with a 11.24% rise in the number of addresses holding over $10 million worth of BTC, from 14,009 to 15,584.
Despite this growth, Bitcoin prices remain below their January levels and analysts predict that a rally towards or above $100,000 is possible before the end of 2026. However, some experts warn that another significant correction may be necessary beforehand.