Bitcoin remains robust at approximately $120,000, just under 3% away from its all-time peak of $123,180, as large investors continue to amass significant amounts of BTC. Recent figures from Bitcoin Magazine Pro indicate that the quantity of addresses holding more than 100 BTC has achieved a new record of 18,996.
The chart provided by Bitcoin Magazine Pro shows a consistent growth in the number of unique addresses holding at least 100 BTC, now exceeding its former high of 18,544 recorded on February 26, 2017. This data “can be utilized alongside other Address Balance charts to comprehend whether Bitcoin adoption is generally increasing or decreasing over time, and whether usage is rising or falling among specific groups,” notes Bitcoin Magazine Pro.
This increase in substantial holdings is partly motivated by corporate treasuries actively incorporating Bitcoin into their balance sheets. Michael Saylor’s company, Strategy, has more than doubled its Bitcoin reserve since Donald Trump’s election victory, enhancing its total treasury by 60%. This accumulation aligns with a regulatory transformation under the Trump administration, which has reversed some enforcement measures from the Biden era and introduced pro-crypto policies, fostering greater institutional adoption.
Consequently, over 160 publicly listed companies currently hold Bitcoin as a main reserve asset—up from merely 43 in 2023. Prominent participants include David Bailey’s Nakamoto, which is set to acquire over $760 million in BTC once it completes its merger with KindlyMD. Also, Jack Maller’s Twenty One Capital, which holds 43,514 BTC, making it the third-largest corporate holder globally.
A Bitcoin address is a sequence of 26–35 characters, acting like a public key that enables users to send and receive BTC. Wallets can manage multiple addresses, and there is no theoretical cap on the amount of Bitcoin a single address may hold. While addresses with minimal holdings (e.g., 0.1 BTC) are also on the rise, the increase in addresses exceeding 100 BTC emphasizes the growing concentration among high-value holders.
With only 21 million BTC set to ever exist—and around 19 million already extracted, of which an estimated 3 million are lost—the competition to secure substantial Bitcoin reserves is intensifying. If current patterns persist, Bitcoin could exceed its all-time record in the upcoming days as institutional buying pressure remains unyielding.
Disclosure: Nakamoto is affiliated with Bitcoin Magazine’s parent organization BTC Inc to establish the first global network of Bitcoin treasury firms, where BTC Inc offers certain marketing services to Nakamoto. More details on this can be found here.
