The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, indicate that the total amount of BTC held by addresses with 100+ Bitcoin has seen a particularly strong uptick since the news of Tesla (NASDAQ:TSLA) investing $1.5billion in BTC, growing by an additional 20,490 BTC.
This brings the total amount of Bitcoin located in whale addresses to a new all-time high of just over 11.6 million, a number likely reflecting the increase in institutional participants over the recent time period.