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A mysterious Bitcoin wallet has become the third largest holder of BTC in 3 months

A mysterious wallet climbs the charts to become the third largest holder of Bitcoin (bitcoin) spread around the world in a little over three months; It was a timing that ignited ridiculous theories about its owner.

Second data provided by BitInfo Graphicsa cryptocurrency statistics platform, wallet address first received Bitcoin on March 8. For the next three months and two weeks, 118,000 BTC accumulated in the wallet – worth $3.08 billion at current prices.

The mystery wallet has collected 118,000 BTC in less than four months. Source: BitInfoCharts

The rapid and substantial accumulation of Bitcoin in a single wallet address has given rise to a fair amount of speculation.

Some users suggest that this is most likely a crypto exchange moving fundsWhile some extremist Crypto Twitter members post a crazier theory, I propose this: Black Rock And “prime suspect”.

This unknown address has raised more than $3 billion #Bitcoins in the last 3 months.

The main suspect?

The first major transaction of 3,400 BTC took place on May 16, 2023. Exactly one month later, on June 15, 2023, BlackRock deposited its money. #Bitcoins ETFs.

— DivXMaN (@crypto_div) 21 August 2023

The theory is not based on any concrete evidence.but someone wanted to express their support sending Images of a large black rock.

According to BitInfoCharts, the world’s largest Bitcoin wallets are owned by: Binance and Bitfinex — As a Bitcoin cold wallet.

Unknown Bitcoin wallet in third placefollowed by another Binance cold wallet in fourth place.

BlackRock has created a stir in the crypto market by filing for a spot Bitcoin ETF on June 15, which would be the first of its kind in the United States if approved by the Securities and Exchange Commission.

Demand for BlackRock has sparked a wave of demand for similar products from other heavyweights, including Fidelity, Invesco, Wisdom Tree and Wall Street. Valkyries..

The possibility of a spot Bitcoin ETF has sparked a frenzy among crypto analysts who have shared their bullish predictions for the Bitcoin price. Tom Lee, The head of research at Fundstrat predicted that Bitcoin could reach a price of $150,000 per coin after the halving in April 2024.

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