An unknown entity has rapidly accumulated over $3 billion worth of Bitcoin (BTC) en route to becoming the third-biggest BTC address in the world.
Highlights
- Unknown entity has rapidly accumulated over $3 billion worth of Bitcoin (BTC) An unknown entity has amassed 118,300 BTC worth $3,087,545,354.
- The wallet began accumulating in mid-May, and by late June, was the biggest Bitcoin whale in the world that hasn’t been identified as a crypto exchange.
- Since its inception, the wallet has not sold a single coin.
- It’s possible the address, which is still relatively new, could be another crypto exchange reorganizing its BTC reserves.
- At time of writing, the address is the third biggest in world, just behind Binance and Bitfinex’s cold wallets.
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