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Approximately 1.8 million cryptocurrency addresses that have been inactive for over ten years hold 1,798,681 BTC. The estimated worth of these “lost” BTC is currently around $121 billion.
About 8.5% of the total BTC supply is regarded as “lost.” This information comes from a report by Fortune, which references data from Chainalysis. Approximately 1.8 million wallets have not exhibited any activity for a decade or longer.
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As of mid-March 2024, these inactive wallets contained 1,798,681 BTC, valued at approximately $121 billion at the time of this writing. Just over 12,000 of these wallets are believed to have belonged to Bitcoin miners from the Satoshi era, as each held exactly 50 BTC—the reward for mining a block during that period. The report also indicates that 99% of the “lost” wallets hold less than 50 BTC.
The authors of the report mention that “lost” wallets are considered nominal, as they may occasionally become active again after a lengthy period. For instance, on May 6, 687 BTC (approximately $43.9 million) were moved from a Bitcoin wallet that had been dormant for nearly 14 years. This is not an isolated incident. According to Fortune, since 2018, the quantity of “lost” coins has decreased by 758,938 BTC.
This year, BTC achieved a new all-time high (ATH). Additionally, Bitcoin has surpassed gold in terms of scarcity following the fourth halving, which occurred on the Bitcoin network on April 20.
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