$3 Billion BTC Wallet: Mistery Solved
Recently, the crypto community has been buzzing about an unidentified Bitcoin wallet that rapidly amassed $3 billion worth of Bitcoin.
This wallet, in a short span of just over three months, has become the third-largest Bitcoin holder globally.
This unknown address has accumulated over $3 Billion worth of #Bitcoin in the last 3 months.
— DivXMaN (@crypto_div) August 21, 2023
The prime suspect?
The first major transaction of 3400 BTC occurred on May 16th 2023. Almost exactly 1 month later on June 15th 2023, BlackRock filed for it's spot #Bitcoin ETF. pic.twitter.com/TdFuUkELuH
Initial data from BitInfoCharts revealed that this wallet began its Bitcoin collection on March 8 and, within the subsequent three months and two weeks, had gathered an impressive 118,000 BTC, equivalent to $3.08 billion at the current price of Bitcoin.
The quick accumulation of such a large amount of Bitcoin in a single address led to widespread speculation.
Some believed it could be a cryptocurrency exchange transferring its assets, while others speculated that BlackRock, the global investment management corporation, might be behind it.
However, this theory lacked concrete evidence, even though it gained traction with many sharing images of a 'large black rock' in jest.
The enigma surrounding the wallet's owner has now been unraveled.
Arkham Intelligence, a blockchain intelligence platform, has identified the wallet as belonging to...
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