BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Bitcoin

A Bitcoin Whale worth over $1.53 Billion Just Bought More BTC

by Favour Ajibade
Oct 19, 2022 - 12:00 am
in Bitcoin
Bitcoin Whale Accumulation BTC

A Bitcoin address that has been accumulating for the last ten years just bought more.

On-chain data on October 19, shows that the wallet, controlled by an anonymous owner, bought more BTC pushing the total amount of coins under their possession to over 79.9k BTC, or slightly over $1.539 billion at spot rates.

The wallet has been buying Bitcoin since early 2011; two years after the network went live. The most interesting observation is that the key holder has never sold, regardless of market conditions. As it is, the wallet’s accumulation continues, and the owner is unperturbed, riding through the multi-month bear cycles of 2014, 2018, and 2022.

While impressive, there is solid evidence associating the wallet with the infamous Mt Gox hack, which wreaked the crypto and Bitcoin markets. Online sleuths say the big stash of BTC, now at roughly 80k, was stolen from the first Bitcoin cryptocurrency exchange that controlled over 80 percent of the global traffic.

Earlier on, Craig Wright, the founder of Bitcoin Satoshi Vision, the Bitcoin Cash spin-off, claimed belonged to him.

Nonetheless, his failure to satisfactorily prove ownership of the wallet’s keys and subsequent movements in the wallet was sufficient evidence to prove that he wasn’t in control. Craig Wright claims to be the anonymous founder of Bitcoin, Satoshi Nakamoto.

That the wallet is buying Bitcoin at this point is overly positive. Over the past few months, Bitcoin prices have been under immense liquidation pressure. Dropping over 60 percent, the coin is tethering at around the $20k level, with some analysts predicting even lower prices in the months ahead.

The dump across the board is primarily because of a shift in the FED’s and central banks’ monetary policies, tightening to curb rising inflation. This change, after months of record low-interest rates and a flow of capital to alternative, high-performance assets, including Bitcoin, saw crypto assets rise to record highs.

As previously reported, the co-founder of Tron, Justin Sun, bought the Ethereum dip, on-chain data shows.

Tags: BitcoinBTCWhale
Favour Ajibade

Favour Ajibade

Favour Ajibade is a content writer and crypto lover from Nigeria who is passionate about introducing Web3 and cryptocurrency-based technologies to the world through writing. He was first introduced to crypto in 2020 and was immediately intrigued. He is a student biomedical researcher and enjoys spending his free time reading and learning new things.

Related Posts

DayDayCook CEO Norma Chu reveals plans to acquire 5,000 Bitcoin amid China's crypto restrictions

DayDayCook Targets 5,000 BTC Reserve Despite China’s Crypto Ban

May 16, 2025

DayDayCook targets 5,000 BTC in reserves by 2028, hinting at crypto’s rising appeal in China despite its persistent...

Court documents allege NFT founder stole funds from Bitcoin mining venture

Bitcoin More of a Portfolio Diversifier Than Safe-Haven Asset, Says RedStone Report

May 14, 2025

Bitcoin isn’t a consistent hedge against equities, but RedStone says it’s a powerful portfolio diversifier with outsized long-term...

Bitcoin mining hardware generating profit with BTC price at $102K

Bitcoin’s $102K Price Gives Miners a 182% Profit Margin, Says CryptoQuant Analyst

May 13, 2025

Miners gain 182% profit at Bitcoin’s $102K price, with breakeven at $36.8K. CryptoQuant links this to a bull...

Conor McGregor speaking about Ireland’s Bitcoin reserve on X Spaces

Conor McGregor Proposes Irish Bitcoin Reserve in Bold Presidential Campaign Move

May 11, 2025

Conor McGregor proposes an Irish Bitcoin reserve in his presidential campaign, calling crypto a tool to give financial...

Press Releases

image2

Could XYZVerse Overtake DOGE and SHIB? Analysts Say $0.003333 Could Explode to $10!

March 30, 2025

XYZVerse aims to outpace DOGE and SHIB, with bold $10 price goals, strong community rewards, and rising demand as it...

image1 1

Massive Institutional BTC Buys Could Launch the Next Bull Market: 5 Altcoins to Watch

March 29, 2025

Institutional Bitcoin buys may trigger a market surge. Five altcoins, including $XYZ, stand to gain—early investors could see major ROI...

image1

XRP Faces Strong Resistance While XYZVerse Gains Early Investor Attention With 10 Billion $XYZ Airdrop

March 28, 2025

XRP struggles at resistance, while XYZVerse grabs early investor attention with a 10B token airdrop and rapid growth toward a...

BTC

Popular Memecoin MEW Pledges $10,000 to Pasadena Humane Organization to Aid Animals Affected by California Wildfires

January 20, 2025

MEW memecoin donates $10K to Pasadena Humane for wildfire-affected animals. Join the mission to aid pets and wildlife in crisis...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise