A dormant Bitcoin (BTC) whale that had not made a transaction in over 44 months has suddenly come to life, moving over half a billion dollars worth of the popular cryptocurrency. According to data from blockchain analytics platform Arkham Intelligence, the whale transferred the large BTC stash to two new addresses, paying a total fee of $45.93 for the transaction.
The whale moved a staggering $530 million of Bitcoin, with one address now holding $420 million and the other containing exactly 1000 BTC, equivalent to approximately $107 million. This sudden activity has caught the attention of many in the crypto community, sparking speculation about the intentions behind such a significant move.
In addition to the whale’s awakening, Arkham Intelligence also reported on MicroStrategy’s recent Bitcoin purchase. The business intelligence firm acquired $1.5 billion worth of Bitcoin at an average price of $100,400, adding around 15,350 BTC to their holdings. This move further solidifies MicroStrategy’s position as a major player in the crypto market.
At the time of writing, Bitcoin is trading at $106,850, maintaining its strong position in the market. MicroStrategy currently holds 439,000 BTC, purchased at an average price of $61,725 per Bitcoin.
Furthermore, Arkham Intelligence highlighted Fidelity Investments’ recent purchase of Ethereum (ETH) worth $250 million. This acquisition represents a significant portion of the inflows into Fidelity’s spot Ethereum exchange-traded fund (ETF), with the cumulative net inflows of Ethereum into Fidelity’s ETH ETF totaling $1.38 billion as of December 16th.
Ethereum is currently trading at $3,988, showcasing its resilience and popularity among investors. The crypto market continues to attract institutional interest, with major players like Fidelity Investments making significant moves in the space.
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