Home Crypto One of the Richest Bitcoin Whales in History Receives $138,000,000 BTC Amid...

One of the Richest Bitcoin Whales in History Receives $138,000,000 BTC Amid Market Turmoil

Bitcoin’s value crash just isn’t dissuading one of the largest BTC whales on file from accumulating extra.

According to blockchain explorer service Blockchain.com, a whale who already owns tens of hundreds of Bitcoin simply added practically 3,720 Bitcoin.

The switch charges for the transaction amounted to 0.005 Bitcoin or roughly $189.6 based mostly on the cryptocurrency’s value at the time of writing.

The Bitcoin whale’s tackle presently ranks fourth amongst the richest Bitcoin addresses in existence. The tackle presently holds 112,593.6 Bitcoin or about 0.6% of all BTC in circulation.

The tackle is in the distinctive league of simply 4 addresses that maintain greater than 100,000 BTC.

It can also be the richest Bitcoin tackle on the blockchain that’s not related to a cryptocurrency trade. All the different three addresses that maintain extra Bitcoin belong to Binance, Bitfinex and Huobi cryptocurrency exchanges respectively.

A glimpse of the whale’s history of transactions exhibits that the massive investor has been accumulating as the flagship cryptocurrency’s value crashed. Since mid-May when Bitcoin’s value fell from round $47,000 to simply round $30,000 up to now, the whale has bought roughly 13,667 BTC and offered zero.

The Bitcoin whale has additionally been persistently accumulating since the bull run began. Between now and December sixteenth, 2020, when Bitcoin broke above $20,000 for the first time, the whale has added roughly 38,186 BTC.

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Featured Image: Shutterstock/80’s Child

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