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4,118 BTC Bought Since November by Mega Whale Who Holds 123,000 Bitcoins

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Tue, 01/11/2022 - 10:39
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Yuri Molchan
A major crypto whale has been adding Bitcoin to its already massive holdings since November
4,118 BTC Bought Since November by Mega Whale Who Holds 123,000 Bitcoins
Cover image via stock.adobe.com

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According to data shared by Twitter user @Diditaihuttu with his 45.8K followers, an ultra large Bitcoin whale who owns 122,000 Bitcoins, has been buying more Bitcoin throughout 2021 and accelerated the purchasing in November of last year.

Since then, the whale has purchased more than a whopping 4,000 Bitcoins, adding them to their crypto riches.

Mega whale buys another 4,118 BTC

The whale address 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ, as per BitinforCharts, holds at the moment a total balance of 122,972 Bitcoins, which is an astounding $5,179,111,161 in fiat.

Over the past few months, since November, this whale has been buying Bitcoin stashes sized from 120 to almost 500 BTC.

According to @Diditaihuttu, who shared a screenshot of the whale's purchases, the mega Bitcoin holder made only one sale of 1,500 BTC. Aside from that, the whale has only been grabbing more of the flagship cryptocurrency.

Three largest BTC whales buy 5,300 Bitcoin in January

As reported by U.Today last week, three of the biggest Bitcoin holders have grabbed Bitcoin on the dip, buying more than 5,000 coins.

According to Chinese crypto journalist Colin Wu, who shared that data from BitinforCharts, those three whales from the list of the top 50 BTC holders.

They purchased 1,455; 3,000 and 867 BTC. Back on Jan. 7, that amount of Bitcoin constituted a whopping $225,204,067. Another major wallet, though, sold 4,250 Bitcoin.

Wu pointed out that those three wallets were not marked as belonging to any crypto exchanges.

Related
Majority of JPMorgan Clients Are Bullish on Bitcoin

Bitcoin cannot beat gold: CEO of second-largest gold miner

The CEO of Barrick, the second-biggest gold mining company in the world, has told Bloomberg that in his opinion, gold is likely to hold first place as an inflation hedge over Bitcoin. He stated that the demand is for gold and jewelry, rather than for cryptocurrencies, and BTC in particular.

Mark Bristow believes that, most likely, gold will be trading between $1,750 and $1,800 per ounce.

Bitcoin at the moment is trading at the $42,000 level after crashing from the $46,500 zone last week, along with Ethereum and numerous other cryptocurrencies.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.