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International Business Times
International Business Times
Business
Marvie Basilan

The birth of a new $BTC whale: $1.4 billion Bitcoin in 10 days

Bitcoin BitGo Ki Young Ju Crypto
A poster with the Bitcoin logo on display at the Thailand Crypto Expo on May 14, 2022 in Bangkok. (Credit: Lauren DeCicca/Getty Images)

KEY POINTS

  • The whale wallet first saw $141.2 million worth of $BTC on Sept. 6
  • By Tuesday, Sept. 17, the wallet already accumulated over 23,000 Bitcoin
  • Sani of TimechainIndex said the wallet may be linked to someone associated with Xapo Bank

Bitcoin whales have long been interesting members of the vast BTC community. Known for their enigmatic nature, the movements of these large Bitcoin holders often inspire discussion among smaller crypto users due to their large transactions.

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