Bitcoin is held strong at around $120,000, and it sits at under 3% of its all-time high of $123,180 as whales continue to accumulate a massive amount of BTC. According to fresh data from Bitcoin Magazine Pro, the number of addresses holding over 100 BTC reached a new all-time high of 18,996.
The chart provided by Bitcoin Magazine Pro shows the number of unique addresses with at least 100 BTCs steadily increasing, surpassing the previous peak of 18,544 on February 26, 2017. Data is used together with other address balance charts to understand whether adoptions are generally increasing or decreasing.
This surge in large holdings is driven in part by the Treasury Ministry, a company that actively adds Bitcoin to its balance sheet. Michael Saylor’s corporate strategy has more than doubled Bitcoin holdings and increased the Total Treasury Department by 60% since Donald Trump’s election victory. This accumulation is consistent with regulatory changes under the Trump administration, which rewind certain Biden-era enforcement measures, introduced promotional crypto policies, and promoted more institutional adoption.
As a result, more than 160 public companies currently hold Bitcoin as their main reserve asset, starting from just 43 in 2023. Notable players include David Bailey’s Nakamoto. And Jack Muller’s Twenty One Capital, which already owns 43,514 BTC, is the third largest company holder in the world.
A Bitcoin address is a string of 26-35 characters and acts like a public key that allows users to send and receive BTC. A wallet can hold multiple addresses, and there is no theoretical limit to the amount of Bitcoin that a single address can hold. Addresses for smallholders (e.g. 0.1 BTC) have also increased, but a surge in addresses with over 100 BTC highlights increased concentrations among high-value holders.
Only 21 million BTC exist, of which 3 million have already been mined, of which 3 million have been lost, which has strengthened the competition to secure large-scale Bitcoin holdings. If the current trend continues, Bitcoin could surpass its all-time high in the coming days as institutional purchase pressures remain unrelenting.
Disclosure: Nakamoto is working with BTC Inc, the parent company of Bitcoin Magazine, to build the first global network of Bitcoin Treasury Companies, where BTC Inc offers specific marketing services to Nakamoto. For more information about this, please see here.
Source: https://bitcoinmagazine.com/markets/bitcoin-nears-123k-as-whale-addresses-hit-all-time-high
