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Mysterious Bitcoin Whale Accumulates Over $3,087,545,354 Worth of BTC in Less Than Three Months

Aug 22, 2023 · 1 min read · 138 points
Mysterious Bitcoin Whale Accumulates Over $3,087,545,354 Worth of BTC in Less Than Three Months
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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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