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Crypto analytics X account @Lookonchain has reported that a few hours ago today, several massive Bitcoin purchases took place, resulting in the emergence of a new BTC whale.
That accumulation was made through a crypto broker of a legendary crypto investor, Mike Novogratz.
Galaxy Digital helps whale buy Bitcoin
Lookonchain has revealed that several transactions took place with the help of Novogratz-founded Galaxy Digital, and they carried around 500 BTC each.
In total, the new whale now owns 1,506 Bitcoins worth approximately $163.5 million in fiat.
Satoshi-era whale sells Bitcoin to buy Ethereum
The same data platform as above reported that a Satoshi-era Bitcoin holder has sold a massive 2,000 BTC worth $221 million to buy some more Ethereum with the proceeds of this sale.
He immediately acquired 49,850 ETH for $219 million. With his recent Ethereum purchases, this wallet now holds a mammoth 691,358 ETH, equal to $3 billion.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team