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.

its already been linked to michael saylors stash.. so my opinion is its just him shuffling his coins from one address to another..
however..
whether that address is binance, bitfinex, robinhood or saylors new own cold store is still undetermined..

.. funnily enough the binance article is wrote by 'sailortrades' hmm sailor.. hmm saylor.. (could it be saylor acting as sailor) im guessing he is trying to point eyes in a different direction or hinting his funds have moved into a exchange for possible selling.. (more social drama games)

even funnier a "sailor"(saylor) is using a binance account to suggest his funds are in robinhood.. more likely if sailor is saylor and logged into a binance account. the funds are in binance due to him using a binance account

Aye man that's huge number of Bitcoins. 
I wish my bankroll would have been like this guy. Lolz. Even with the interest earned on this amount, I would have lived... I am sorry my next 10 generations would have blessed me for this. Lolz

As the assumptions move forward it could be either a real whale or it ould be either another exchanger, however, the steady holding and having public confirmations of this address is another level and one of the best characteristics of having a block explorer. I think without that we would have never understood that there are so many Bitcoins in circulation from a single address.

The only way to know whether it is from an exchanger or an individual is to keep looking at the future patterns. If they remain consistent then it is definitely an exchanger. If change the course it's gonna be individual since they would not risk their Bitcoin with singe address like this.

Possibly this  wallet could be a wallet belonging to an exchange or an organisation trying to make a change of vault  as this amount is some how big and risky for an individual to hold at once in a particular wallet. I strongly believe a new generational exchange can not hold or have such a large volume of bitcoin in their possession coming third behind Binance and Bitfinex well known to be the exchange whales holding such large amount of bitcoin. With time, the real owners of that wallet would be known and my guess would not be wrong.

Based on Binance article, it's from the Robinhood Markets Inc.
But I didn't find an answer that Robinhood confesses this accusation.

Whatever it is, it's expected that one day those big whales might sell their Bitcoin holding and could have an impact on the market.
However, if the Bitcoin price goes up, it will go up, because I'm afraid that traders and investors in the market will might react to the news.  If there is a perception that other large holders might follow suit, it could lead to a panic sell-off.

I think that whale is not a single human but a whole company or exchange that's trying to accumulate a lot of Bitcoin in order to gain much profit during the next bull run. The company will most probably recover its own investment during the peaks of the bull run and at the same time they will make profits as well. After that the wallet may hold the remaining coins for a very long period and way earn profits with each bull run by selling huge sums of the coins from that accumulation. Let's say that if the current worth of the coins is $3B then in next bull run's peak the amount will most probably be around $12B which is not a small amount. And, when that happens the address can easily sell half of the coins over a short period and leave the half in the wallet for next bull runs.

How can a person who has such a huge amount of bitcoins be called a shark, he also has the third largest share in bitcoin? this is definitely one of the biggest whales! I've always wondered what makes such people not spend bitcoins? after all, they saw these crazy prices at 60k for bitcoin, did they really have no desire to buy fiat. It turns out that such people are not needed at all in money. But after all, he could increase his number of bitcoins by constantly distilling them into stable coins and back into bitcoin. In general, such people are a strange phenomenon and it's hard for me to understand them.

An exchange has the highest probability of accumulating a large amount of Bitcoin. I doubt a gambling platform can secure such a substantial investment from a gambler. Although Michael Saylor has been consistently buying Bitcoin, it is unlikely that he could acquire such a significant amount in just a couple of days. To understand how he is making those purchases, it would be helpful to conduct a Google search. I believe it may involve an exchange wallet, likely associated with a major player in the exchange industry.

The owner of the contents of $ 3B behind the wallet, there is a source who says that it is most likely owned by two well-known exchanges, namely Binance and Bitfinex. Other allegations point to Robinhod and there are also other allegations aimed at BlackRock as the main suspect as written on cointelegraph.



Even though the piece of news headline is Mystery solved, for me the main owner behind the contents of the wallet is still a blur. In fact I see this information like the alleged sale of all assets addressed to Elon Musk a few days ago.

Yeah, it can fall to the following categories,

a. Exchanges
b. Crypto base gambling platform
c. And as what Frankly stated, it could be Michael Saylor.

But the lessons here, and this is just my personal opinion, we shouldn't like following this addresses or some kind of whale alert in Telegram or Twitter. Because it will just confused us, specially if you are new to the game. Let them do all the moving of their stash, and as long as you can keep yours, then there is no hurt done here, simple as that.

I also read this yesterday and according to some rumours I heard it's BlackRock's wallet. Rumor has it that they are quite confident that their's ETF will be accepted so they have been quietly collecting bitcoins for the past several days. This is just a rumor and there is no evidence to back it up but I think if the SEC had to accept an ETF it would be clear that BlackRock would be their pick.

Yes, someone is knowing something we don't, and this is not the first time. That's why I still believe that this market is still being manipulated and not driven by supply and demand.

its not a high rate of buying in 90 days.. its microstrategy shuffling his stash(combining) to different address (which could be a exchange ready to sell(speculated))

With the high rate of buying and consistency, I believe that the address belongs to a corporation, probably an exchange. It is only such body that would be able to stash up bitcoin in this aggressive manner due to taking advantage of the price of bitcoin, together with the halving coming up next year. I don't think that an individual will be able to have such funds and put it into bitcoin. From where those funds are coming from for the various purchases,that source still has more funds flowing there. This is why I believe it is an exchange or a corporation using an exchange to keep its btc.

We do not have enough data to understand whether this is a new whale or not.
Interesting is the number of deposits and the amount received on the account
We don't know if this address is owned by one person or if it's a company or a corporation.
I am glad that this is a legal entity and not an individual

This is a very large amount of Bitcoin, but it is difficult to know if this address belongs to a person, company, or exchange. Perhaps, as some members here say, it belongs to Michael Saylor and MicroStrategy.

Personally, I do not rule it out because we are used to Michael sailor's taking advantage of every opportunity to drop the price of bitcoin and buying new quantities.

If this prediction is correct, it will be very good, but usually MicroStrategy announces its purchase of Bitcoin with the publication of the details, but here we find that the matter was done in secret, and this is strange from the company's strategy.

It always becomes a news that when some new addresses out of nowhere has been put into headlines.

Just accept the fact that these "unknown" whales are also the exchanges out there. If there have been an individual that owns a lot, then those are the first and early investors like the twins.

But even with that, typically these amounts belongs to huge corporations known as the exchanges.

it received some funds from
1JHceFenZHACSRPD6tE4bfU6yJ83wTG6kH

https://www.blockchain.com/explorer/transactions/btc/d88c2ecf779b46ddb7b043c6df6f9ac760193131aa1e2b65bbfc39615207cdbd
https://www.blockchain.com/explorer/transactions/btc/18015fbf251a4ab6261fa4179dbe3ff99ad0ec0b039a584a7b6932b32a1f63d3
https://www.blockchain.com/explorer/transactions/btc/3d434adcc3cb83776796db815d02fde6bb5994503e0d0ded5a20276c96f31b64
https://www.blockchain.com/explorer/transactions/btc/e9c67821fe708517b522447ce2bf229278a5331d4872043b8fe8073a2fa619cf
and so on and so on

which google says is a microstrategy address..


so now we know micheal saylors stash



im going to guess the 1JHce and the bc1ql49 are either/or one of saylors deposit addresses for an exchange

Follow the money....someone obviously knows something that we don't. Or, believes in something that we all do know and is putting the money behind that idea, being the halving. Or, a pessimistic view is that this money could be used to keep the price down, if it belongs to interests who are against BTC, I.e. the fed. Very possible given the amount and the little effect on price.

One thing is for sure; they must be a high level or very powerful individual/group/institution to be able to buy this amount of coin without regulatory constraint and the ability to remain completely private from social media and media outlets. I'm sure they will covet their presence after the market rises or drops dramatically, or when they sell.

It's not 90 days, more like 50 days because the following days, it's smaller amounts compared to the early transactions which are far more astounding than those later transactions. It's just awesome to see a whale just casually moving their bitcoins, hard to imagine how to spend that much bitcoin.

I think that everyone that has that kind of money would be able to do that kind of thing, a bit harsh and crazy to compare whales and peasants when it comes to buying bitcoin, that 3B USD might be a chump change for them but for us peasants, it's enough to help us live through multiple lifetimes. Maybe the reason that there's a dust amount is because they're moving their bitcoins and that there are stray wallets that have some dust amounts that they want to empty out hence the dust amounts.

How do you know with certainty that this address belongs to a "person" and not a company like an exchange or some big service?
It's the same problem with the opposite type news saying "a whale dumped bitcoin". We can not say who the coins being moved belong to or their purpose. This claim about someone buying bitcoin is as as false as those other claims about some whale dumping bitcoin.

Was just about commenting on that after scanning the address although, it didn’t reflect in its last 100th transactions but, it showed that the address has sent out BTC0.25 worth about $6.5k and that’s a lot of money still though, not comparable to the content of that wallet.

It’s surprising as to how these deposit came pouring in and in what amount. Here is one taking advantage of the recent drop in bitcoin price without minding the price, not looking to buy at a dip but any slight drop and very huge buys. What’s still surprising is the dust amount. I don’t quite understand why one would do that.
My thoughts lives me with the idea of a corporation and maybe that’ll be a fee almost shareholders or something, can’t say for sure.

Well but as the same news item you link says:


In other words, we must doubt that it is a new shark accumulating if we do not have more data. Why it is accumulating so much Bitcoin in an address would have to be seen, but the most normal thing is that it is an entity and not an individual.

Kind of mysterious not because the total accumulated amount in a very short time is just due to the transaction history where you can see exact rounded figures repeated.

I checked the TX history the address received 1700,1750,1800,1900 multiple times which made me curious whether it is some kind of salary for their job or what. And after a while, it received only dust amounts.

Actually no, because you can see the address spend 0.25000000 BTC.

https://bitinfocharts.com/bitcoin/address/bc1ql49ydapnjafl5t2cp9zqpjwe6pdgmxy98859v2

This person is en route to becoming the third-biggest BTC address in the world. It started accumulating in May and has not sold a single satoshi.

Just your above-average whale shark casually swimming in the Bitcoin sea.

https://dailyhodl.com/2023/08/21/mysterious-bitcoin-whale-accumulates-over-3087545354308754535-worth-of-btc-in-less-than-three-months/