Richest BTC Whale Spends $102m to Accumulate

While the crypto market continues to bleed out, the rich seem to be accumulating. The richest personal Bitcoin wallet has been reported to be in such a phase.

Whales Get Bigger

The personal wallet in question is just third place behind two exchange wallets. According to reports, it purchased 4,816 BTC in the course of the past month. The owner reportedly spent $102,000,000 on the project.

At the beginning of June, the personal Bitcoin wallet was holding 127,873 BTC. Meanwhile, in the course of the month, it made many Bitcoin purchases. The purchases were at various prices, as expected.

It was observed that there was just one withdrawal from the wallet throughout the period. That brought the total holding in the wallet to 132,189 by the end of June. The total asset worth currently stands at $2.53 billion.

At the time of this report, the wallet had made its most recent purchase. The whale wallet has purchased another 186 BTC valued at $3.58 million. 

It has purchased 601 and 815 BTC in two separate deals in a few days. Both purchases were valued at $11.31 million and 16.94 million in that order. There were other purchases in June ranging from 36 to 488 BTC per deal.

The whale wallet made only one sale in the month of June. It sold 500 BTC valued at $15,062 at the time.

Smaller Wallets are not Left Out 

Bitcoin sold for about $30,000 at the beginning of June. It is down to $19,222 as it lost over 5% in the last 24 hours.

Last month, IntoTheBlock reported that there has been an increase in the number of giga-whales. It said the statistics got to a new record high. Meaning that the number of wallets holding over 100,000 BTC has jumped.

It added further that more than 776,000 BTC are held by just 5 wallets. Each of them has more than 100,000 BTC in their possession. They have equally grown by more than 16% in the last 30 days.

IntoTheBlock noted further that smallholder BTC wallets are accumulating too. It said they are cumulating aggressively. Addresses with less than 1 BTC have been added to their holdings this year.

In the platform’s observation, it has been at a remarkable rate. They have added up to 113,884 BTC since the 1st of January. 

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