Unknown Wallet Transfers $3 Billion of Tied Bitcoin to Old Address
- on Aug 11, 2022
On August 10, a new wallet became one of the three largest individual Bitcoin holders when a mysterious investor allegedly spent or transferred nearly $3 billion, or approximately 133,000 Bitcoin, as reported by Cryptoslate.
Based on community feedback regarding wallet behavior, the new wallet may be a former player simply moving money. A Twitter user claimed to have located the wallet address and claimed that the unidentified investor was an experienced buyer who had sent 130,000 Bitcoins to other wallets in multiple transactions, Cryptoslate noted.
Satoshi Nakamoto is the largest holder of Bitcoin among all individuals, exchanges, governments, and businesses, according to June 2022 data. After introducing Bitcoin in 2009, Nakamoto is said to have mined around 22,000 blocks, each with a reward of 50 BTC. According to estimates, Nakamoto has over 1.1 million Bitcoins stored in nearly 22,000 separate wallets.
Besides Nakamoto, Grayscale, an asset management company, is the largest Bitcoin holder, with nearly 683,480 coins. Grayscale is the second largest bitcoin wallet overall, behind the huge crypto exchange Binance. Binance is also the top cryptocurrency exchange holding Bitcoin, with around 447,197 Bitcoins.
With a net worth of $96 billion, Binance CEO Changpeng Zhao is also said to be one of the top holders. He acknowledged that he only holds Bitcoin as an investment and that his cryptocurrency holdings make up the majority of his net worth.
According to the aforementioned chart, the unidentified investor who acquired 113,000 Bitcoin positioned himself as the second largest Bitcoin holder, directly behind Nakamoto. The coldest crypto winter in history has been bad for bitcoin values. On August 10, however, the price of Bitcoin surpassed $24,000 for the first time in a long time, Cryptoslate noted.
(With information from Cryptoslate)
Also read: 7.3% of Indian population owned digital currency in 2021, 7th highest in the world: UN
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