The timing of a mysterious bitcoin wallet catapulting to become the world’s third-largest bitcoin holder in just over three months has sparked some wild theories about its owner.
according to According to data from cryptocurrency statistics platform BitInfoCharts, the wallet address first received bitcoin on March 8. Over the next three months and two weeks, the wallet has amassed a staggering 118,000 BTC, worth $3.08 billion at current prices.
The rapid and significant growth of Bitcoin in a single wallet address has caused quite a bit of speculation.
Some users suggested that it was likely a cryptocurrency exchange moving funds, while some of the more activist members of Crypto Twitter tweeted wilder theories – suggesting that BlackRock was the “prime suspect.”
This Unknown Address Has Accumulated Value Over $3 Billion #bitcoin within the past 3 months.
Prime suspect?
The first major transaction of 3400 BTC occurred on May 16, 2023.Almost exactly one month later, on June 15, 2023, BlackRock filed for a spot #bitcoin ETFs. pic.twitter.com/TdFuUkeLuH
— DivXMaN (@crypto_div) August 21, 2023
There isn’t any hard evidence for this theory, however, others have shared their support via: post Photo of a large black rock.
According to BitInfoCharts, the largest bitcoin wallets in the world are currently reportedly owned by Binance and Bitfinex — as bitcoin cold wallets.
The unknown Bitcoin whale wallet was in third place, followed by another Binance cold wallet in fourth place.
related: First EU Spot Bitcoin ETF Listed on Euronext Amsterdam
BlackRock caused a stir in the cryptocurrency market on June 15 when it filed for a spot bitcoin ETF product that would be the first of its kind in the United States if accepted by the SEC.
BlackRock’s filing sparked a wave of filings for similar off-the-shelf products from other Wall Street heavyweights, including Fidelity, Invesco, Wisdom Tree and Valkyrie.
The prospect of a spot bitcoin ETF has sent crypto analysts into a frenzy, sharing with Fundstrat’s director of research Tom Lee their bullish forecast for bitcoin’s price, which could reach $1,000 after the April 2024 halving event. $150,000 each.
big question: Did the NSA Create Bitcoin?
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