Bitcoin Nears $123K As Whale Addresses Hit All-Time High

Bitcoin maintains about 120,000 dollars strongly, sitting less than 3 % less than its highest level ever at $ 123,180, as whales continue to collect large amounts of BTC. According to the new data from Magazine Pro, the number of titles bearing more than 100 BTC has reached the highest new level ever at 18,996.

The graph provided by before Bitcoin Pro magazine The number of unique addresses that retains at least 100 BTC is steady, now exceeding its previous peak of 18,544 that was made on February 26, 2017. Data “can be used alongside other address balance plans to understand whether the adoption is increasing or decreasing in general for Bitcoin over time, and also the use of whether use is decreasing or decreasing between COHORTS. “

This increase in large holdings is pushed partially by cabinet bonds companies strongly adding bitcoin to their public budgets. Michael Celor’s strategy has led to twice as much as Bitcoin’s possessions since its victory in the Donald Trump elections, which increased its total wardrobe by 60 %. This accumulation coincides with an organizational shift within the framework of the Trump administration, which has declined from some procedures for enforcing the Biden era and provided pro -quarter policies, and encouraging more institutional adoption.

As a result, more than 160 public companies in bitcoin maintains a basic reserve asset – from only 43 years in 2023. Among the prominent players Nakamoto David Billy, who is preparing to buy more than $ 760 million from BTC as soon as it is completed with FidlyMd. And Jack Maller, the capital, TWENTY One, which already has 43,514 BTC, makes it the third largest company holder in the world.

Bitcoin is a series of 26-35 characters, working as a public key that allows users to send and receive BTC. The governor can have multiple addresses, and there is no theoretical limit to the amount of Bitcoin that can be kept by one address. While the headlines with small holdings (for example, 0.1 BTC) are also increasing, the height of the titles with more than 100 BTC highlights the increasing focus between high value holders.

With only 21 million BTC at all – about 19 million people are already mined, of which an estimated 3 million are lost – the race to secure large bitcoin possesses is intensified. If the current trends persist, Bitcoin may exceed its highest level ever in the coming days with institutional purchase pressure remaining unabated.

Disclosure: In partnership with Bitco Magazine, BTCOIN Magazine is building the first global network of Bitcoin Treasury companies, where BTC Inc provides some marketing services to Nakamoto. More information can be found about this here.