Bitcoin’s chilling at around $120K, almost touching that record high of $123,180, all thanks to these “whales” snapping up loads of BTC. Fresh scoop from Bitcoin Magazine Pro says there are more addresses now holding over 100 BTC than ever before, hitting a new peak of 18,996.
Bitcoin Magazine Pro shows this steady rise in big wallets, blowing past the old record from Feb 2017. This data, when you team it up with other Address Balance charts, helps you get a grip on whether Bitcoin’s catching on more generally over time, and how different groups are using it.
The big wave in holding heaps of Bitcoin? Partly because companies are piling it into their treasuries. Take Michael Saylor’s company, which has doubled down on Bitcoin since Trump’s election win, jacking up their holdings by a solid 60%. This matches a shift in regulations under Trump, easing off some previous constraints and bringing in pro-crypto moves to get these bigger fish on board.
Nowadays, over 160 public companies see Bitcoin as their go-to reserve asset, up from a mere 43 back in 2023. Heavy hitters like David Bailey’s Nakamoto are getting ready to grab over $760 million in BTC post-merger with KindlyMD. Then there’s Jack Maler’s Twenty One Capital, holding 43,514 BTC, landing it as the third-biggest corporate treasure trove globally.
Each Bitcoin address, a nifty string of 26–35 characters, acts like a public key to send and receive BTC. Wallets can juggle many addresses, and there’s technically no cap on how much Bitcoin one address can stash. While small BTC holders are on the rise too, those holding over 100 BTC are really making waves, showing a tighter grip by big-value players.
With just 21 million BTC ever to exist—and about 19 million already in circulation, plus around 3 million lost—the rush to chunk out big holdings is heating up. If we keep rolling on like this, Bitcoin might just smash past its record high soon due to unyielding institutional demand.
Note: Nakamoto is tied up with BTC Inc, Bitcoin Magazine’s parent, in building this novel network of Bitcoin treasury companies. BTC Inc handles some marketing work for Nakamoto. More details are available here.
