Third-biggest Bitcoin whale’s holdings total $6B after ‘whopping’ 2.7K BTC bu...
Not every large-volume holder is interested in selling or sitting on their hands this week. Bitcoin (BTC) returning to $50,000 overnight inspired one of the largest wallets to buy the equivalent of $137 million more.Blockchain data from on-chain monitoring resource BitInfoCharts highlights how one entity “bought the dip” like no other.Someone “buys the dip” to the tune of $137 millionAfter buying frequently since BTC/USD hit $69,000 all-time highs last month, the wallet holder upped the ante overnight with a single purchase of 2,700 BTC — taking their total to 118,017 BTC.The buy dwarfs....
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Earlier today, Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) added to its ETH holdings, as on-chain data reveals that the firm purchased another 46,225 tokens, increasing its total ETH holdings to over 2.1 million ETH. BitMine’s Total Ethereum Holdings Surge Past 2.1 Million ETH According to an X post by on-chain analytics account Lookonchain, […]
According to reports, Grayscale added 174,000 tokens to its litecoin holdings in the past month. This haul pushed its total holdings of the altcoin to 1.44 million. Following this acquisition, which represents 80% of all litecoin that were mined in the past month, the total value of Grayscale’s holdings of the altcoin is now just over $248 million. However, following the large acquisition by Grayscale Investments, LTC’s price movement appears to be unrelated to changing supply dynamics. For instance, Messari data shows that the altcoin only went above the $200 mark between....
The number of whale wallets is down 16% since February. As Bitcoin looks to recover from a stomach-churning dip on the back of a strong bid this morning, on-chain data indicates that high net worth ‘whale’ wallets may not be part of the effort. Bitcoin — along with most crypto markets — suffered a staggering series of losses this week following a string of negative Tweets from the world’s second-richest man, Elon Musk. Tesla & Bitcoin pic.twitter.com/YSswJmVZhP— Elon Musk (@elonmusk) May 12, 2021 While prices have begun to rebound, “whale” wallets — a playful term for Bitcoin addresses....
There’s more trouble in DeFi as Solend launches a spur-of-the-moment move to crack into a whale’s wallet. On Sunday, the decentralized finance (DeFi) sector came under scrutiny again after DeFi protocol Solend put together a spur-of-the-moment governance proposal related to one of the whale wallets at risk of liquidation. The proposal, dubbed “SLND1 : Mitigate Risk From Whale,” was abruptly launched on Sunday without announcement and the vote closed with a 97% approval rating. The scandal comes on the heels of last week’s sudden layoffs from Coinbase and BlockFi, and the liquidation....
Nasdaq-listed Microstrategy has bought 660 more bitcoins at an average price of $37,865 per coin, bringing the total crypto holdings of the company to 125,051 bitcoins. “Our strategy with bitcoin has been to buy and hold, so to the extent we have excess cash flows or we find other ways to raise money, we continue to put it into bitcoin.”
Microstrategy Adds 660 Bitcoins to Its Treasury
The Nasdaq-listed software company Microstrategy has bought the dip again. CEO Michael Saylor tweeted Tuesday:
Microstrategy has purchased an additional 660 bitcoins for....