{"id":12928,"date":"2023-08-22T08:19:18","date_gmt":"2023-08-22T08:19:18","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=12928"},"modified":"2023-08-22T08:19:20","modified_gmt":"2023-08-22T08:19:20","slug":"mysterious-bitcoin-wallet-becomes-3rd-largest-btc-holder-in-3-months","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=12928","title":{"rendered":"Mysterious Bitcoin wallet becomes 3rd largest BTC holder in 3 months"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>A mysterious Bitcoin wallet has surged up the ranks to become the third-largest holder of Bitcoin (BTC) in the world in just over three months, with the timing sparking some wild theories about its owner.<\/p>\n<p>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 \u2014 worth $3.08 billion at current prices. <\/p>\n<p><em>The mysterious wallet has accrued 118,000 BTC in less than four months. Source: BitInfoCharts<\/em><\/p>\n<p>The rapid and significant accrual of Bitcoin within a single wallet address has attracted its fair share of conjecture. <\/p>\n<p>Some users suggest it\u2019s most likely a crypto exchange moving funds, while some more\u00a0radical members of Crypto Twitter have posted a more wild theory \u2014 suggesting BlackRock is the \u201cprime suspect.&#8221;<\/p>\n<p lang=\"en\" dir=\"ltr\">This unknown address has accumulated over $3 Billion worth of #Bitcoin in the last 3 months.<\/p>\n<p>The prime suspect? <\/p>\n<p>The first major transaction of 3400 BTC occurred on May 16th 2023. Almost exactly 1 month later on June 15th 2023, BlackRock filed for it&#8217;s spot #Bitcoin ETF. pic.twitter.com\/TdFuUkELuH<\/p>\n<p>\u2014 DivXMaN (@crypto_div) August 21, 2023<\/p>\n<p>The theory is not based on any solid evidence, however, others have shared their support it by posting pictures of a large black rock. <\/p>\n<p>The current largest Bitcoin wallets in the world, according to BitInfoCharts, are reportedly owned by Binance and Bitfinex \u2014 as Bitcoin cold wallets. <\/p>\n<p>The unknown Bitcoin whale wallet comes in third place, and is then followed by another Binance cold wallet in fourth place. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>First EU spot Bitcoin ETF hits Euronext Amsterdam exchange<\/em><\/strong><\/p>\n<p>BlackRock made waves in the crypto market on June 15 when it filed an application for a spot Bitcoin ETF product which \u2014 if accepted by the Securities and Exchange Commission \u2014 will be the first of its kind in the United States. <\/p>\n<p>BlackRock\u2019s application sparked a wave of filings for similar spot products from a horde of other Wall Street heavyweights, including Fidelity, Invesco, Wisdom Tree and Valkyrie.<\/p>\n<p>The prospect of a spot Bitcoin ETF whipped crypto analysts into a frenzy, sharing their bullish predictions for the price of Bitcoin \u2014 with Fundstrat\u2019s head of research, Tom Lee suggesting that Bitcoin could reach a price of $150,000 per coin following the halving event in April 2024. <\/p>\n<p><strong><em>Big Questions: <\/em><\/strong><strong><em>Did the NSA create Bitcoin?<\/em><\/strong><\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-whale-wallet-becomes-third-largest-holder-three-months\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A mysterious Bitcoin wallet has surged up the ranks to become the third-largest holder of Bitcoin (BTC) in the world in just over three months, with the timing sparking some wild theories about its owner. According to data from crypto statistics platform BitInfoCharts, the wallet address first received Bitcoin on March 8. Over the course [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-12928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12928"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12928\/revisions"}],"predecessor-version":[{"id":12930,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/12928\/revisions\/12930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/12929"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}