The richest non-exchange Bitcoin wallet is on a BTC shopping spree as the crypto market downturn continues.
The wallet, ranking third in Bitcoin holdings behind two crypto exchange wallets, bought 4,816 BTC over the past month, splurging over $102 million in the process.
At the start of June, the Bitcoin wallet in question held 127,873 BTC. Over the last month, the wallet has made numerous Bitcoin acquisitions in varying amounts and only one withdrawal to bring the total to 132,189 worth $2.53 billion.
At time of writing, the most recent purchase occurred today when the whale bought 186 BTC worth $3.58 million. Over the last few days, the whale also acquired 601 BTC and 815 BTC worth $11.31 million and $16.94 million, respectively. Other purchases during the month ranged from 36 BTC to 488 BTC.
The whale sold only once during June, a batch of 500 BTC worth $15.062 at time of sale.
Bitcoin was trading for around $30,000 a month ago but is currently priced at $19,222, down over 5% in the past day.
In June, IntoTheBlock said the number of giga-whales had reached a new high.
“Giga-whales BTC holdings hit a new record. The amount of BTC held by entities with over 100,000 BTC reached a new high on Friday.
Over 776,000 BTC is held by a grand total of 5 addresses with over 100,000 BTC, growing over 16% in the past 30 days.”
The firm also notes that holders of BTC in smaller amounts are also accumulating.
“Small holders continue to aggressively accumulate BTC.
Addresses holding less than 1 BTC have been adding to their balance in 2022 at a remarkable pace.
Since January 1st, they added 113,884 BTC.”
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Source: https://dailyhodl.com/2022/07/02/richest-bitcoin-whale-splurges-over-102000000-on-btc-in-a-month-in-massive-accumulation-spree/