Conviction buyers adds Bitcoin worth $243 billion in 2026
The post Conviction buyers adds Bitcoin worth $243 billion in 2026 appeared on BitcoinEthereumNews.com. The Bitcoin (BTC) owned by conviction buyers, large entities with low on-chain activity, has tripled in 2026. The conviction buyers have increased their holdings by nearly 300% year-to-date (YTD) to approximately 4 million Bitcoin, according to on-chain data analysis from BitGo, analyzed by Finbold on May 13. After taking gradual profits between February 2023 and October 2025, this group of investors added around 3 million BTC in 2026, valued at roughly $243 billion at press time. BTC held by conviction buyers. Source: BitGo As such, the conviction Bitcoin buyers have accumulated more coins during the 2026 bear market than during the post-2021 bull rally. However, these investors are yet to surpass their holdings during the Covid-induced crypto crash and the 2018-2019 sell-off. Nonetheless, the conviction buyers have accumulated more BTC at a faster rate during the recent bear market