The 10th largest Bitcoin holder has purchased Bitcoin worth $379 million.
The average bitcoin price during the purchase was $42,640, indicating continued demand for the digital asset as its price rises.
With this massive purchase, it is more than clear that 2024 will be the year of Bitcoin.
The year 2024 starts with the most interesting investment as one of the crypto enthusiasts and the largest Bitcoin holder surprises today with the significant purchase of 8,888.88 Bitcoin worth $379 million.
Details of Purchase
The purchase, made at an average price of $42,640 per bitcoin, comes when the cryptocurrency market is experiencing a bullish trend. Bitcoin’s price has been on the rise in recent weeks, with many experts like Michael Sylor, who owns 174,530 Bitcoins, predicting that it could soon surpass its all-time high in the history of Bitcoin. The purchase interest in Bitcoin is growing and it might be because of several reasons Bitcoin ETF approval is on the horizon and once it gets approved, the price of the Bitcoin will rise to the sky.
Source: https://coinpedia.org/news/10th-largest-bitcoin-holder-makes-major-purchases-for-379-million/