As Bitcoin (BTC) surpasses the crucial $100,000 mark, on-chain analytics reveal that more whales—wallets with substantial BTC reserves—are accumulating the leading cryptocurrency at an accelerated rate.
Rise in Bitcoin Whale Accumulation
In a recent CryptoQuant Quicktake article, contributor caueconomy highlighted a notable surge in whale activity over the last month. Specifically, Bitcoin whales—identified as wallet addresses that hold between 1,000 and 10,000 BTC—have boosted their overall holdings by around 41,300 BTC in this timeframe.
The analyst notes that this growth in BTC whale accumulation is indicative of rising institutional appetite for the cryptocurrency. Despite current global economic challenges and heightened risk aversion, significant investors seem to be intensifying their focus on Bitcoin.
Furthermore, caueconomy pointed out that institutional interest remains strong into 2025, with a fresh influx of companies aiming to incorporate BTC into their financial reserves. He elaborated:
This ongoing corporate interest can create steady and counter-cyclical buying pressure, as these businesses utilize their cash flow and debt options to make purchases. As previously mentioned, the increase in Bitcoin prices is largely influenced by institutional “passive” buying rather than retail activity.
It’s worth noting that the recent decline in BTC price to $74,508 did not discourage BTC whales from acquiring the leading digital asset. Data from the on-chain analytics site Santiment indicates that BTC whale addresses have risen to their highest numbers since December 2024.
In fact, 76 new BTC whales emerged within the network just in February and March 2025. Generally, a rise in whale addresses during price declines has historically signaled notable recoveries in Bitcoin prices.
Growing Corporate Adoption of Bitcoin
The first quarter of 2025 has also witnessed a significant increase in corporate adoption of Bitcoin. In April 2025, the Japanese company Metaplanet revealed its intention to accumulate 10,000 BTC as part of its long-term treasury strategy.
Similarly, Strategy, the entity with the highest BTC holdings, made a noteworthy $180 million BTC acquisition to start May. Additionally, The Blockchain Group in France purchased 580 BTC in April, marking its largest monthly acquisition since it began investing in Bitcoin in November 2024.
Looking forward, institutional enthusiasm for Bitcoin is anticipated to continue strong throughout the year, despite growing macroeconomic challenges, including the potential for a worldwide tariff conflict. As of now, BTC is trading at $102,746, reflecting a 1.9% increase over the past 24 hours.
