\n<\/p>\n
Bitcoin is holding strong at around $120,000, sitting less than 3% below its all-time high 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 all-time high of 18,996.<\/p>\n
The chart provided by Bitcoin Magazine Pro<\/a> shows the number of unique addresses holding at least 100 BTC steadily increasing, now surpassing its previous peak of 18,544 made back on February 26, 2017. The data \u201ccan be used alongside the other Address Balance charts to understand whether adoption is increasing or decreasing generally for Bitcoin over time, and also whether usage is increasing or decreasing among specific cohorts,\u201d Bitcoin Magazine Pro notes.<\/p>\n This surge in large holdings is being driven in part by corporate treasuries aggressively adding Bitcoin to their balance sheets. Michael Saylor\u2019s firm Strategy has more than doubled its Bitcoin holdings since Donald Trump\u2019s election win, boosting its total treasury by 60%. This accumulation coincides with a regulatory shift under the Trump administration, which has rolled back certain Biden-era enforcement actions and introduced pro-crypto policies, encouraging more institutional adoption.<\/p>\n As a result, over<\/a> 160 public companies now hold Bitcoin as a primary reserve asset\u2014up from just 43 in 2023. Notable players include David Bailey\u2019s Nakamoto, which is poised to purchase over $760 million worth of BTC<\/a> once its merger with KindlyMD is complete. And Jack Maller\u2019s Twenty One Capital, which already owns 43,514 BTC, making it the third-largest corporate holder in the world.<\/p>\n