A mysterious Bitcoin whale buys cryptocurrency

A mysterious bitcoin whale has quietly amassed billions of dollars worth of bitcoin over the past two years, making the unknown address one of the largest individual holders of the cryptocurrency.

According to data from Bitinfocharts, after patiently buying bitcoin almost daily since November 2022, the whale’s wallet now holds over 54,164 BTC, worth about $3.2 billion, according to Decrypt.

This whale, called “Mr. 100” due to his purchase of an average of 100 bitcoin per day since November 2022, may not be an individual investor and may belong to an investment fund or one of the large banks behind one of the several spot bitcoin ETFs now available, although some are skeptical.

“It’s definitely possible, but I would say unlikely” Amberdata head of analysis Chris Martin told Decrypt. “All ETFs have shared their addresses publicly, so it would be strange to me if they didn’t share this one.”

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