Mysterious Whale Suddenly Moved $3 Billion BTC

A Bitcoin wallet address with an unknown owner has moved nearly 133,000 BTC.

A mysterious investor transferred over $3 billion, or nearly 133,000 BTC, on August 10, making a new wallet one of the three largest individual Bitcoin holders. Community reviews of the wallet’s performance suggest that the new wallet could be an old player that just transfers money.

One Twitter user said they tracked the wallet address and argued that the mysterious investor was a long-standing buyer who moved 130,000 BTC to another wallet in a number of transactions.

According to data from June 2022, Satoshi Nakamoto is the largest Bitcoin holder among all individuals, exchanges, governments, and companies. Nakamoto is estimated to have mined more than 22,000 blocks, each rewarded with 50 BTC, after launching Bitcoin in 2009. Estimates show that Nakamoto holds more than 1.1 million BTC in nearly 22,000 different wallets.

Besides Nakamoto, the largest Bitcoin holder is asset management firm Grayscale which holds nearly 683,480 BTC. Binance follows Grayscale as the second largest Bitcoin holder across all categories. With around 447,197 BTC, Binance also ranks first among the crypto exchanges that hold the most Bitcoin.

Almost all individual Bitcoin holders have unknown identities, except for twins Cameron and Tyler Winklevoss who invested the millions of dollars they made from the Facebook lawsuit into Bitcoin and became the first Bitcoin billionaires. Reportedly, they own 1% of all Bitcoins in circulation. They ranked third among individuals with the largest amount of Bitcoin.

The CEO of Binance, Changpeng Zhao, is also estimated to be one of the largest BTC holders with his net worth being around $96 billion. He has admitted that his cryptocurrency accounts for most of his net worth.

Based on the chart above, the mysterious investor who bought 113,000 BTC is second only to Nakamoto as the second individual with the largest Bitcoin holdings.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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