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Prominent blockchain sleuth Whale Alert, which tracks down large cryptocurrency transfers and then shares their details on its official website and X account, has spotted a massive Bitcoin transfer made from the U.S.-based crypto exchange Kraken.
About an hour ago, an anonymous whale withdrew almost $800 million worth of Bitcoin from this crypto trading venue, while BTC has recovered around 3.14% today after crashing by 5% over the past two days.
Anon whale stocks up on Bitcoin
The aforementioned blockchain tracker revealed that an anonymous whale withdrew 7,402 BTC from Kraken, moving this large crypto lump to an unknown wallet. This amount of crypto was valued at an impressive $767,696,757 in fiat at the time of the initiated transaction.
Additional details provided by Whale Alert show that this whale currently holds 28,060.53711783 Bitcoin worth $2,910,803,697.
Metaplanet announces "555 million Bitcoin plan"
Earlier today, Metaplanet, which some call the “Japanese MicroStrategy,” announced an ambitious new plan to acquire a total of 210,000 Bitcoins by the end of 2027. To pursue this goal, the company intends to raise 770.9 billion yen (an equivalent of $5,349,701,423) through issuing and the consequential selling of 555 million MS warrants to investors.
On June 2, the company announced that it had acquired an additional 1,088 BTC worth $112,961,600. It now holds a total of 8,888 BTC equal to $922,796,600, while its “icon,” Michael Saylor’s Strategy, owns 580,955 BTC worth more than $61 billion.
Bitcoin recovers 3.34% after 5% plunge
At press time, Bitcoin is changing hands close to the $104,000 level after it regained approximately 3.34% today. This rise was preceded by a massive price plunge when the world’s leading cryptocurrency shed around 5% and fell from $105,600.
The collapse took place in light of the public disagreement between U.S. President Trump and tech mogul Elon Musk, who recently stepped down as leader of the Department of Government Efficiency. Musk has been rigorously confronting the recent tax-and-spending bill proposed by Trump, believing that if the bill is passed, it will increase the U.S. national debt by another $5 trillion over the next few years. Trump threatened to cancel all governmental contracts with Elon Musk’s SpaceX.
Vladislav Sopov
U.Today Editorial Team