As the overall markets endure another dip, one crypto whale is loading up on Bitcoin (BTC) in a big way.
According to BitInfoCharts, a single wallet has accumulated 6,863 Bitcoin since November 8th. With an average acquisition price just shy of $60,000 per BTC, the holder has added roughly $411 million to an already massive bag.
The wallet currently is in possession of 113,863 BTC. At today’s BTC price of $56,878, the wallet is valued at more than $6.4 billion.
This is the largest-known Bitcoin whale in existence when filtering out wallets located on crypto exchanges, which hold BTC on behalf of many different investors. After cold wallets belonging to crypto exchanges Binance and Bitfinex, the whale has the biggest known BTC stash.
Here is a look at the wallet’s activity over the past couple of weeks.
Several other Bitcoin whales have also made massive crypto moves recently:
- Bitcoin Whale Moves Over $600 Million in BTC
- One of the Largest Bitcoin Whales in History Moves $913,000,000 in BTC
- Bitcoin Whale Moves Over $1,000,000,000 in BTC
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Sensvector/Jorm S
