As the overall markets endure another dip, one crypto whale is loading up on Bitcoin (BTC) in a big way.
According to BitInfoCharts, a single wallet has accumulated 6,863 Bitcoin since November 8th. With an average acquisition price just shy of $60,000 per BTC, the holder has added roughly $411 million to an already massive bag.
The wallet currently is in possession of 113,863 BTC. At today’s BTC price of $56,878, the wallet is valued at more than $6.4 billion.
This is the largest-known Bitcoin whale in existence when filtering out wallets located on crypto exchanges, which hold BTC on behalf of many different investors. After cold wallets belonging to crypto exchanges Binance and Bitfinex, the whale has the biggest known BTC stash.
Here is a look at the wallet’s activity over the past couple of weeks.
Several other Bitcoin whales have also made massive crypto moves recently:
- Bitcoin Whale Moves Over $600 Million in BTC
- One of the Largest Bitcoin Whales in History Moves $913,000,000 in BTC
- Bitcoin Whale Moves Over $1,000,000,000 in BTC
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Featured Image: Shutterstock/Sensvector/Jorm S
The post Largest Bitcoin Whale on Record Accumulates $411,000,000 in BTC As Crypto Markets Consolidate appeared first on The Daily Hodl.
