Bitcoin may have sunk more than 13 percent of its value last week, but the third-largest BTC owner has never avoided buying a dip and added another BTC 551 to his cat – surpassing the Bitcoin cat’s total MicroStrategy. The latest 551 BTC wallet was priced at $ 45,219 (approximately Rs. 35 lakh), bringing the total Bitcoin value to BTC 124,485, now higher than that of Michael Saylor’s public trading company, MicroStrategy, at BTC 124,391.
Third-Largest Bitcoin Whale Adds Another 551 BTC
According to the CryptoPotato report, whales have been collecting the most popular secret money of all time recently, making much of the latest price fluctuations. The whale added 328 Bitcoins, valued at approximately $ 12 million (approximately Rs. 90 crores) on January 22, followed by another 160 Bitcoins on January 25 costing about $ 6 million (approximately Rs . 45 crores).
Finally this entity surpassed #Saylor:
The 3rd largest #Bitcoin whale wallet added another 488 #BTC Friday & today at $36.4k for $18M
This wallet bought 16,576 BTC since $69k top, now holds 124,487 BTC with cost basis of $22k per BTC vs 124,391 of Saylor with cost basis of $30k pic.twitter.com/v6e6I5rp1u
— venturefoundΞr (@venturefounder) January 25, 2022
According to a recent MicroStrategy announcement in December when the company revealed that it had purchased BTC 1,914, their median price at BTC was about $ 30,159 (approximately Rs. 25 lakh). On the other hand, the third-largest whale has a base cost of about $ 22,000 (approximately $ 15 lakh) per BTC and sits at a profit of about $ 1.75 billion (approximately Rs. 13,050 crores).
According to a recent MicroStrategy announcement in December when the company revealed that it had purchased BTC 1,914, their median price at BTC was about $ 30,159 (approximately Rs. 25 lakh). On the other hand, the third-largest whale has a base cost of about $ 22,000 (approximately $ 15 lakh) per BTC and sits at a profit of about $ 1.75 billion (approximately Rs. 13,050 crores).
📉 #Bitcoin $BTC Number of Addresses Holding 100+ Coins just reached a 3-month low of 15,923
Previous 3-month low of 15,931 was observed on 22 January 2022
View metric:https://t.co/ceqO9LHIvs pic.twitter.com/fyemofZOBf
— glassnode alerts (@glassnodealerts) January 24, 2022
That being said, that is not what some Bitcoin whales are on. According to on-chain data provided by Glassnode analytics service, the number of major Bitcoin addresses on the network has reached a minimum of three months, reaching a level currently compared to September 2021 levels.
The number of different addresses holding 100 or more coins dropped to October levels, indicating that most of the market is no longer willing to oppose commodity trading and join the bear market.
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