Bitcoin Whales Up 11.2% as MicroStrategy Spends $2.01B on BTC
Bitcoin whale wallets holding at least 100 BTC rose 11.2% year-over-year to 20,229 wallets, each worth about $7.7 million at current prices. MicroStrategy deployed $2.01 billion to buy 24,869 BTC at an average price of $80,985, lifting its total holdings to over 843,000 BTC despite muted price action.
1. Whale Wallet Growth
The number of wallets holding at least 100 BTC rose 11.2% year-over-year to 20,229, representing approximately $7.7 million per wallet at current market prices.
2. MicroStrategy's $2.01B BTC Purchase
MicroStrategy raised about $2.03 billion through at-the-market stock sales and used roughly $2.01 billion to acquire 24,869 BTC at an average price of $80,985, bringing its total bitcoin holdings to over 843,000 BTC.
3. Price Reaction and Market Impact
Despite significant accumulation by large holders and corporate buyers, Bitcoin has remained volatile and below previous highs, indicating that institutional buying has yet to trigger a sustained price breakout.
4. Long-Term Holder Behavior
On-chain metrics show long-term holder supply climbed back to roughly 15.26 million BTC, with more than 316,000 BTC added over the past month, a bullish sign of coins moving into wallets unlikely to be sold soon.