Bitcoin holds strong at about $ 120,000 and sits less than 3% below its highest height of $ 123,180 as whales continue to accumulate large amounts of BTC. According to fresh data from Bitcoin Magazine Pro, the number of addresses holding over 100 BTC has reached a new highlight of 18,996.
The diagram provided by Bitcoin Magazine Pro shows the number of unique addresses holding at least 100 BTC steadily increasing, and now surpassing its previous top of 18,544, which has been made back on February 26, 2017. -The magazine is not to get any magazine.
This increase in large possessions is partly driven by corporate chains that aggressively add bitcoin to their balance. Michael Saylor’s regular strategy has more than doubled his bitcoin stocks since Donald Trump’s election gain and increased his total treasury by 60%. This accumulation coincides with a legislative shift under the Trump administration that has rolled back certain Biden-Era enforcement measures and introduced pro-crrypto policies, encouraging more institutional adoption.
As a result, over 160 public companies now have Bitcoin as a primary reserve asset – up from only 43 in 2023. Notable players include David Bailey’s Nakamoto, which is ready to buy over $ 760 million worth of BTC when its merger is friendly. And Jack Mallers Twenty One Capital, which already owns 43,514 BTC, making it the third largest business owner in the world.
A Bitcoin address is a string of 26-35 characters that acts as a public key that allows users to send and receive BTC. Wallets can contain multiple addresses and there is no theoretical limit of the amount of Bitcoin that a single address can contain. While addresses with small holdings (eg 0.1 BTC) also increase, the tip highlights in addresses with over 100 BTC growing concentration among high value holders.
With only 21 million BTC that has ever existed – and about 19 million already extracted, estimated 3 million is lost – the race is to secure large Bitcoin stocks intensify. If the current trends continue, Bitcoin could surpass its highest time in the coming days as institutional purchase pressure remains relentless.
Disclosure: Nakamoto is partnership with Bitcoin Magazine’s parent company BTC Inc to build the first global network of Bitcoin Treasury companies where BTC Inc provides certain marketing services to Nakamoto. More information about this can be found here.