According to Bloqport, the number of addresses with 1+ bitcoins rose by 77,000 in 12 months. As of Jan. 14, there were 784,000 addresses holding such quantity, up 11% from 707,000 seen a year ago. This number has more than doubled since early 2015.

“The rising number of addresses accumulating greater amounts of BTC is a sign that adoption as a store of value is increasing,” said Connor Abendschein, analyst at Digital Assets Data.

Address growth can also come from exchanges and big players, known as “whales,” though such addresses usually hold large balances and often rank at the top of bitcoin’s “rich list,” a table of the addresses holding the most bitcoins.