In a challenging market for the world’s most popular crypto, Xapo Bank reports that its clients are buying more Bitcoin.

According to a note from the bank, data from Q2 2026 (79%) shows an increase in the amount of Bitcoin held in accounts during the quarter, including 28% who grew their holdings by over 5%.

Xapo Bank’s BTC Fund increased by 15.1%, while active Bitcoin-backed loans remained stable, and the total value of active loans and loan upsizes rose by 3.4%.

Xapo Bank is regulated in Gibraltar, has also been approved to offer services in the UK, and holds a Bitlicense in New York. Established in 2013, Xapo’s initial strategy was enabling Bitcoin holdings. By the end of 2015, the bank reported one million registered users. In 2017, the company topped $1 billion in assets. In 2019, the company shifted its focus to offering the full stack of banking services, including retail banking.

Regarding Bitcoin activity in Q2, Xapo says that customers continue to transact, but in smaller amounts. The number of Bitcoin trades was 2.7% lower than in Q1, while average purchase and sale sizes decreased by 12.9% and 20.2%, respectively. Total buy volume was 28.7% lower and sell volume 17.2% lower quarter-on-quarter.

Gadi Chait, Head of Investments at Xapo Bank, touted its BTC Fund and its yield generated for holders as they are compensated for taking risk on unsecured Bitcoin lending

“The risk is low and carefully managed, so the return is modest by design — we are not chasing yield. That honesty about the trade-off is exactly why demand keeps growing.”

Seamus Rocca, CEO of Xapo Bank, says that “Bitcoin does not need to reinvent itself every quarter. The protocol keeps doing exactly what it was designed to do.”

“They can seek yield through carefully structured products, access liquidity against their holdings and preserve their long-term exposure. The important development is not when the next market cycle arrives, but that Bitcoin can increasingly be managed as part of a broader wealth strategy in the meantime.”