The third-largest Bitcoin whale wallet just bought 321 BTC worth $13.2 million. Now, the whale's crypto holding totals 111,795 BTC, worth over $4.7 billion.
Thanks to the transparency of the blockchain registers, everyone can view information about a specific wallet. This made it possible to track the movement of Bitcoin on the largest wallets. Recent data has shown some of the changes that have just happened.
On September 21, the Bitcoin price dropped to a low of $39,787 and then rallied back above $42,000. According to data from Blockchain.com, the third-largest Bitcoin wallet has used this opportunity to grow its holdings. Online data showed that the whale wallet bought 321 BTC at an average price of $40,500 per coin. At the time of the transaction, the total purchase price was $13.2 million. After this purchase, the whale's crypto holdings totaled 111,795 BTC, worth over $4.7 billion.
The 3rd largest #Bitcoin whale wallet bought the dip again today!— venturefoundΞr (@venturefounder) September 22, 2021
321 #BTC added at $40.5k for a total of $13.2M USD. This price is about 10% cheaper than his last few buys at $45-46k range.
This whale wallet now owns 111,795 BTC with an unrealized profit of $2.4B. pic.twitter.com/6J2fCgXvuA
The owner of this wallet uses various opportunities to increase its stock. In May, they sold 9,000 BTC when the price ranged from $54,000 to $63,000. Despite the huge sale amount, this reduced the whale's total BTC holdings by only 9%.
Earlier this year, CryptoPotato traced whale wallet transactions and discovered that the identity is using Coinbase as the primary exchange for buying and selling Bitcoin.
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.