- Bitcoin wallets with 10+ BTC hit 152,280, a 3.5-month high, showing whales are confidently buying during market dips.
- Public firms like MicroStrategy (592,345 BTC) and Metaplanet (12,345 BTC) boost holdings, signaling Bitcoin’s treasury appeal.
- Miners such as Riot with (19,225 BTC) and Hut 8 with (10,273 BTC) are robust, volatility-insensitive, and focused on long-term value.
The number of Bitcoin wallets that contain 10 BTC or higher has increased to 152,280, this is the highest since March 12, 2025. This is an indication that investors on a large scale are developing confidence even in uncertain market conditions.
Whale Accumulation Signals Bullish Sentiment
The rise in wallets holding 10+ BTC, currently valued at over $1.07 million each, reflects strategic accumulation by whales and sharks, as stated in an update by Santiment. This wallet count, now at 152,280, marks a significant spike after weeks of flat activity. The trend aligns with Bitcoin’s recent price recoveries, suggesting calculated moves by high-cap investors.
Historical data shows this wallet level often precedes bullish phases. The orange line on Santiment’s chart displays a clear breakout from a flat accumulation period between March and mid-June. This shift indicates that large holders are capitalizing on retail panic sell-offs to bolster their positions.
Institutional Confidence Drives Bitcoin Holdings
Public companies are increasingly stacking Bitcoin, with MicroStrategy leading at 592,345 BTC, according to a report by CryptoBusy. This aggressive strategy underscores Bitcoin’s role as a treasury asset for firms navigating macro uncertainty. MARA Holdings and XXI follow with 49,678 and 37,230 BTC, respectively, highlighting concentrated institutional exposure.
Recent movements in the sector have reshaped priorities, as 11 more institutions added Bitcoin in the last week. Metaplanet Inc., a Japanese firm, now holds 12,345 BTC, surpassing Tesla’s 11,509 BTC. This multinational engagement demonstrates Bitcoin’s growing popularity in a wide range of markets.
Some North American miners, such as Riot Platforms (19,225 BTC) and Hut 8 Mining (10,273 BTC), have substantial reserves. Their holdings indicate a strategic focus on long-term value in the face of regulatory noise. Smaller firms, such as Bit Digital (377 BTC), also contribute to this institutional wall of confidence.
Price Volatility Fuels Strategic Buying
Bitcoin’s price swings have not deterred whale accumulation, as candlestick activity correlates with wallet growth during rebounds, noted in Santiment’s post. Large investors seem to acquire in pullbacks, remaining steadfast in the face of volatility. This enhances Bitcoin’s ability to endure as a digital asset.
These reallocations are causing firms to rethink strategies, and firms like CleanSpark (12,502 BTC) and Galaxy Digital (16,351 BTC) are adding to their positions. The actions demonstrate belief in the long-term attractiveness of Bitcoin. The current wallet count of 152,280, paired with over 890,000 BTC held by 60 public companies, underscores a robust foundation for Bitcoin’s market position.
