Topic: Unknown Bitcoin Whale Gains $3B in 90 Days (Read 387 times)

Is it just me or his balance chart looks exactly like BTC daily chart ?

Okay, it's unclear who address it is, and it's not common to see such a huge accumulation of BTC that's been done so recently. But also, there's no guarantee that it's actually one individual and not a wallet address of a major company, simply undisclosed to avoid targeted attempts to attack it, investigate, etc. Or maybe the money was already accumulated elsewhere before, and a person's just putting it all together.
franky1 pointed out Microstrategy addresses as those that sent money to it, which may mean it's literally just another address of theirs.

Yes. The attitude I like. An attitude like this is needed to ward off various useless news that panics the holders to release the assets in the portfolio.

Back to basics, we will wait to see who actually owns the addresses where there are large amounts of bitcoin. I still have the thought that it belongs to a large company such as a cold address belonging to an exchange as per the analysis provided by Franky1 because one day it will be revealed even though the current status is still in the stage of mutual prejudice.

3B$ worth of Bitcoin is a huge amount of holdings dude. That address still remains anonymous, it is not certain whether it is just one person or a company that holds that address. And I'm also impressed with you, you really researched and it seems that your calculation of within 90 days is wrong, because based on other comments I read here, only 50 days have passed if I'm not mistaken.

But even so, it's like an extraordinary billionaire owns that address. He will never run out of money to be honest with that amount if it is true that the address owner is only one person or a company?

someones PERSONAL networth is different to the "paper" valuation of their company.. also many rich people hide money/value in many off shore non-banked systems. so never trust someones "net worth"

michael saylors personal value is not the same as his microstrategy's company valuation. its also worth noting that some companies would subclass their assets as a private pensions pot for employees to further separate assets from the main companies books, or even create subsiduaries to shuffle the numbers. thus further hiding value from being listed
all done for tax purposes and other things like risk mitigation of volatile affects on a companies share price

on the flip side of "networth"
did you know i can create a new token. of say 1 trillion pre-mined tokens. i can sell just 0.01 tokens for $1 to a anonymous entity but publish the results publicly. and thus list the other 999,999,999,999.99 tokens to have a market cap valution of $100trillion(but a real world money in pocket VALUE of just $1). thus creating my own faked net worth of being the richest man on planet on paper for just $1
(much like the FTX scam bankman fraud claims he is a billionaire)

so again, in short, never trust a persons networth or a companies valuation, nor market caps.. its just creative accounting that never shows how much real term money someone has access to

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other people in this topic think its some robinhood trader grabbing coins in just 90 days.. IT IS NOT
its microstrategy who accumilated ~120,000 coins over many years.. and is just moving coins to a new address recently
(address hopping.. not purchasing)

as for those saying its a robinhood address.. that claim has not been proven and is just a rumour created by a blog post by a similar name to the one trying to cause social drama by pointing fingers in different directions to cause confusion. i feel its saylor himself trying to cause confusion to hide his own reasoning for address shuffling

It's not a person. And also not a whale. As some users have said above I am also almost certain that it is Robinhood's address. Perhaps there is something that the great institution wants to do.
Because every time there is a price movement, the whales or big players will definitely make a move. Of course we don't know what they think, but we can be sure they have more advantages than us.

Whenever the prices go down there is movement in market which is opportunity for big institutions and whales also to make profits and move coins from different addresses.So as discussed above saylor can move such big amounts as he have huge reserves with the company but it could be exchange also not a specific person instead so can't say anything with surety.

Most likely not a new whale, it's someone who has been accumulating in multiple wallets finally collecting it all in one as Bear market is almost over, so he didn't wanted to be tracked earlier. Now he wants you to buy on the prices above him as he is already done buying. Whales do not love to be tracked so it's pretty fair that the person went for various small accounts back in Nov 2022 or early 2023 and just compiling it all in one for his ease. Good to see him investing millions into Bitcoin, most likely an organization or a trust fund.

This was already confirmed to be Robinhood. Basically people buy crypto and RH needs to store the bitcoin somewhere. A year or two back there was another mysterious Dogecoin address which turned out to be Robin Hood also.

People assumed it was some whale but it’s basically customer funds. Most likely if Bitcoin goes up people will take profit and the balance will go down. Robinhood is a very large exchange. Very popular with the wall streets bets crowd.

Not sure who owns this wallet, bro.
The first wallet with the most assets is owned by binance which is known as the binance cold wallet according to BitInfoCharts and according to other available sources.

The bitcoin address mentioned by the OP as of yesterday Aug 24, 2023 around the clock, 3:00 PM UTC is still being transacted in the amount of 0.00007606 BTC and a total balance of 118,300.20242796 BTC with an accumulation of 3,086,688,881.75 USD according to explore blockhair.com.
https://blockchair.com/bitcoin/address/bc1ql49ydapnjafl5t2cp9zqpjwe6pdgmxy98859v2

You don't seem to understand what's going on with the discussion on this topic.

Looks like institution investors are just moving their money around. I am not sure of the reason, but something is probably happening behind the scenes. As usual, the small folk will be the last to find out. But whatever happens, do not let volatile price movements spook you into selling your coin. Otherwise you will be playing into their hands, and they will gleefully gobble up your discounted coin.

I knew he had a lot but this is insane. But one thing that baffles me is that quick googling says that his networth is "only" 1.2 billion USD...
So if person's networth is calculated by combining the value of all assets, minus all liabilities, even if he owes a lot it doesn't add up with this or i am completely missing some obvious point on counting networth.

It is not your keys, so it is not your coins and you cannot tell people what to do with their coins. Bitcoiners have always and will continue buying, selling and moving their coins, the purpose of which we can't know unless the owner discloses it, and we cannot know who is behind an address unless the address is linked to their identity and it becomes exposed.

There is no 'harm done' when people sell or move their coins, we may not want weak hands to sell everytime they panic, but who is going to tell them not to sell? Because of BTC fixed supply, the price will rise in the long term, so don't be concerned about what others do with their coins.

Am reasoning the effect it will have on bitcoin price if the exchange decides to sell the Bitcoin have on the address at once. The effect it will have on bitcoin price won't be funny to look up to if that happens

Yeah, as long as everyone keeps their starch and refuses to sell it, there is no harm done. Instead, we should all try to store up additional starch at the current low price of bitcoin.

If its actually not an exchange or a big org or corporation that owns that wallet and the owner decides to dump BTC, at this time, we will probably go below $20K not because of the dump by a single entity but because of the cascading panic sales that would follow suit. Bitcoin movimg from $16K to above $30k in recent times restored some confidence in the market which will be lost if someone starts dumping bitcoins in quick succession similar to the dump that happened last week but messier.

I hope not. Its crazy the possible ways it could go if the owner decides to go rogue against the market.

While we can't precisely determine the recipient of the address, I concur with Franky1's analysis. It's likely that the address belongs to an exchange's cold wallet or an established Bitcoin holder transferring funds. The intentions of the person controlling this address remain unknown, and a significant sale is not anticipated.

We have no idea on who is the owner of this address is, all we can do is speculate and guess so I think it is better to leave it be until we get more information that can point to the owner of that address.

If this is not from an exchange or from huge company, this simply means someone is accumulating.  Hopefully this is not being accumulated to be dump on the current dipping market.  If it does we might revisit sub $20k BTC price.


Hopefully that is the case, that the wallet is indeed belong to Robinhood Markets Inc.

Yeah I saw some news about this and said the same below belongs to Robinhood Markets Inc. but maybe they keep the existence of this a secret even though it has been crowded into the news.

If it is sold at the same time it may have a further impact but I expect this for the next bullish preparation.
Many great whales have begun to accumulate as many bitcoins as possible and they have already held millions of dollars in their wallets it's no wonder that whales will have control of the market in their hands, but I don't think they will move at all to collapse the market for a moment.

Actually bitcoin is fully decentralize. There has no restrictions for whale. Everyone can buy and sell Bitcoin, it is open for all. So crypto whales can buy and sell his Bitcoin anytime. I think Your provided information is absolutely right and that wallets Own is elon musk and his company SpaceX. They sold his coin we know. SpaceX bought That Bitcoin from 2021. And now need money emergency so he sell it.

If you want to buy bitcoin you can easily use Binance or another any crypto Centralized or Decentralize exchanger. I am using Binance exchanger for buy and sell. And crypto whales are taking this opportunity. So whale can buy and sell his coin there has no problem.

I don't know how they come about this as being the third largest bitcoin address holder, even though i know we have alot of whales that have accumulated enough bitcoin in their wallet of different categories, maybe we should see more to how this can be of any significance to the network or the bitcoin market itself maybe something new may come in to dump or pump the market at the cause to this.