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

Mysterious Bitcoin Wallet Surges to 3rd Largest Holder: Who’s Behind the $3 Billion Accrual?

by Dan K
Aug 22, 2023 - 2:00 pm
in Bitcoin
An illustration of a digital wallet with the Bitcoin logo, symbolizing Zengo Wallet's unique hacker bounty challenge.

The Rise of a Bitcoin Juggernaut

A mysterious Bitcoin wallet has surged up the ranks to become the third-largest holder of Bitcoin in the world in just over three months, with the timing sparking some wild theories about its owner.

Crunching the Numbers

According to data from crypto statistics platform BitInfoCharts, the wallet address first received Bitcoin on March 8. Over the course of the next three months and two weeks, the wallet had accrued a staggering 118,000 BTC — worth $3.08 billion at current prices.

Theories Abound

The rapid and significant accrual of Bitcoin within a single wallet address has attracted its fair share of conjecture.

Some users suggest it’s most likely a crypto exchange moving funds, while some more radical members of Crypto Twitter have posted a more wild theory — suggesting BlackRock is the “prime suspect.”

However, this theory is not based on any solid evidence. Still, others have shared their support for it by posting pictures of a large black rock.

Top Wallet Rankings

The current largest Bitcoin wallets in the world, according to BitInfoCharts, are reportedly owned by Binance and Bitfinex — as Bitcoin cold wallets. Following them, the mysterious Bitcoin whale wallet secures third place, with another Binance cold wallet closely behind in fourth place.

BlackRock’s Cryptocurrency Connection

BlackRock made waves in the crypto market on June 15 when it filed an application for a spot Bitcoin ETF product which — if accepted by the Securities and Exchange Commission — will be the first of its kind in the United States.

With this application, BlackRock ignited a wave of filings for similar spot products from other Wall Street giants, including Fidelity, Invesco, Wisdom Tree, and Valkyrie.

Crypto Analyst Predictions

The anticipation of a spot Bitcoin ETF has crypto analysts excited, sharing their bullish predictions for Bitcoin’s price. For instance, Fundstrat’s head of research, Tom Lee, suggests Bitcoin could hit a staggering $150,000 per coin after the halving event in April 2024.

Tags: BitcoinBlockchainWallet
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Bitcoin chart showing sharp price surge past $118,000 in July 2025

Bitcoin Blasts Past $118K with Sixth All-Time High in Under 48 Hours

July 11, 2025

Bitcoin breaks records with six ATHs in 48 hours, soaring 6% to $118,668 on July 11 amid ETF...

Green Minerals headquarters and Bitcoin symbol representing strategic investment deal

Green Minerals Secures $25M Deal to Expand Bitcoin Treasury

July 2, 2025

Green Minerals signs $25M financing deal with LDA Capital to increase Bitcoin holdings via flexible share issuance over...

Bitcoin price projection chart with upward trend forecast by Standard Chartered for Q3 2025

Bitcoin to Hit $135K in Q3, Says Standard Chartered, Citing ETFs and Corporate Demand

July 2, 2025

Standard Chartered sees Bitcoin hitting $135K in Q3 and $200K by year-end, citing strong ETF inflows and corporate...

UniCredit headquarters with digital Bitcoin overlay, symbolizing BTC-TradFi integration

UniCredit Offers Bitcoin Exposure to Italian Elites via BlackRock’s IBIT

July 1, 2025

UniCredit merges Bitcoin with TradFi via IBIT-linked note, offering Italy’s pros BTC upside with full capital protection and...

Press Releases

png 115

BTC Miner: Earn $100-$100,000 Daily – The Fastest Growing Crypto Mining Platform of 2025!

June 25, 2025

BTC Miner, the fastest growing platform in 2025, opens a new era of inclusive cryptocurrency mining, allowing everyone to participate...

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...

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