# Bitcoin accumulation

By [Untitled](https://paragraph.com/@0xa95c3e11fc52008fc4af89c9f6606ea10f201835) · 2023-09-03

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Large bitcoin ([BTC](https://www.coindesk.com/price/bitcoin/)) investors – “[whales](https://www.coindesk.com/learn/what-are-crypto-whales-and-why-are-they-important/)” in crypto terms – seemed undeterred by the recent weakness in price and substantially increased their holdings.

Data by crypto analytics firm IntoTheBlock shows that addresses holding at least 0.1% of the bitcoin supply – worth more than $500 million – increased their stash by a total of $1.5 billion in the last two weeks of August.

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*Originally published on [Untitled](https://paragraph.com/@0xa95c3e11fc52008fc4af89c9f6606ea10f201835/bitcoin-accumulation)*