An enigmatic Bitcoin wallet has rapidly ascended the ranks to claim the position of the world’s third-largest Bitcoin holder.
BTC
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$26,053
This dramatic development has unfolded in a span of slightly over three months, triggering a flurry of speculative conjectures regarding the identity of its possessor.
Per information gleaned from BitInfoCharts, a platform dedicated to cryptocurrency statistics, this wallet address initially received its first tranche of Bitcoin on March 8th. Subsequently, within the ensuing three and a half months, an astonishing accumulation of 118,000 BTC has occurred, amounting to an approximate value of $3.08 billion at prevailing market rates.
The swift and substantial accumulation of Bitcoin within a solitary wallet address has ignited a flurry of speculation.
Certain users posit that it’s quite possibly a cryptocurrency exchange in the process of transferring funds. On the other hand, some more audacious voices within the realm of Crypto Twitter have put forth a more extravagant hypothesis – proposing that BlackRock is the “chief contender.”
This unknown address has accumulated over $3 Billion worth of #Bitcoin in the last 3 months.
— DivXMaN (@crypto_div) August 21, 2023
The prime suspect?
The first major transaction of 3400 BTC occurred on May 16th 2023. Almost exactly 1 month later on June 15th 2023, BlackRock filed for it's spot #Bitcoin ETF. pic.twitter.com/TdFuUkELuH
While lacking concrete evidence, this theory has garnered a degree of backing from some quarters, who have taken to illustrating their endorsement by sharing images featuring a substantial black rock.
