Unknown whale buys hundreds of Bitcoins every day

A mysterious investor who has been regularly buying hundreds of Bitcoins every day since November 2022 has raised curiosity in the cryptocurrency industry. The investor in this case accumulated 51,164 BTC in his wallet with his purchases. At current prices, this amount is worth $3.3 billion.

Unknown whale buys hundreds of Bitcoins every day

While Bitcoin is now on the verge of the ATH level, it is noteworthy that a mysterious investor has been purchasing Bitcoin in large amounts since November 2022. On November 2, 2022, the whale account, which added to its wallet with small purchases, started to increase the amount of purchases from November 4.

Hundreds of Bitcoins enter the wallet every day

After November 8 (2022), the wallet starts making purchases of at least 100 BTC each. Sometimes 100, sometimes 130, and sometimes over 200 BTC started to enter the address. It is also noteworthy that the purchases occur more than once a day. According to experts, there is probably an investment fund behind the transactions and due to some inadequacies in the fund resources, transactions of 100 BTC each are preferred.

Some of the wallet’s recent purchases

Not expected to be an ETF company

Amberdata Director of Research Chris Martin said he did not expect US ETF companies to be behind the wallet. Speaking to Decrypt, a US media outlet, Martin said that ETF companies have disclosed their Bitcoin addresses, so he does not think that these companies are behind the transactions.

In addition, the fact that the transactions were made through Far Eastern companies such as Binance and Kucoin, which have problems with the US government, also seriously reduces the possibility of an ETF company. Martin also said that the likelihood of it being a US bank or institution is also very unlikely.

There are also withdrawals from wallet

It is also seen that there are outflows from the wallet in certain periods. The last exit was on February 12 with 570 BTC… In total, there were 887 inflows to the wallet and 312 outflows. 97 thousand BTC moved into the wallet and 46 thousand BTC moved out.

Last purchase was on Friday

The wallet made its last purchase on Friday, March 1. On that day, 202.74 BTC was added to the address. Before Friday, there was a heavy purchase on Thursday. On February 29, more than 1413 Bitcoins were added to the wallet.

Today, BTC in this account is worth around $3.3 billion, while Bitcoin is trading at around $66,500.

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