A massive Bitcoin whale wallet holding has just added $200 million worth of Bitcoin to its position after selling over 11,400 Bitcoin over the last few months — coinciding with a recent rebound for the original cryptocurrency.
The Bitcoin (BTC) whale added 2,400 Bitcoin — worth over $200 million — to their stash on March 24, blockchain analytics firm Arkham Intelligence said in an X post.
Data shared by the firm shows that despite some sales in February, after the latest purchase, the whale holds over 15,000 Bitcoin in its wallet, worth over $1.3 billion, at current prices.
“A $1 billion Bitcoin Whale just withdrew $200 million of Bitcoin this morning from Binance,” Arkham said.
The whale started acquiring Bitcoin five days ago after selling off its stash when Bitcoin’s price was between $100,000 and $86,000 in February.