In the span of just three months, an anonymous Bitcoin wallet has surged to become the world’s third-largest holder of Bitcoin. According to BitInfoChart, this wallet received its first Bitcoin on March 8, 2023. As of now, the wallet has managed to accumulate a staggering 118,000 BTC, which is valued at around $3.08 billion, given that Bitcoin is trading at approximately $26,100. The incredible speed and scale of this accumulation have ignited a flurry of discussions about the possible identity behind it.
There are a couple of approaches circulating among experts and enthusiasts. Some believe it could be a cryptocurrency exchange making a big transfer, while others, taking a more imaginative route, have turned a theory involving BlackRock, a major assets management firm. It’s important to note that this BlackRock approach lacks solid evidence and has even led to amusing posts featuring pictures of actual black rocks.
BlackRock caused significant momentum in the crypto world when it applied for a spot Bitcoin ETF (Exchange-Traded Fund) on June 15. If approved, this Bitcoin ETF would mark a significant milestone in the United States.
This move by BlackRock triggered a chain reaction, prompting other major Wall Street players like Fidelity, Invesco, Wisdom Tree, and Valkyrie to follow suit and apply for a similar spot in Bitcoin ETF. These ETF applications by major asset management firms have created fresh energy in the cryptocurrency market.
Interestingly, the first two leading Bitcoin holders Binance and Bitfinex, are closely trailed by this enigmatic wallet in third position. Another Binance cold wallet rounds out the top four. And talking about the highest amount among public companies, MicroStrategy holds an impressive 152,800 Bitcoins on its balance sheet.
In a recent report by Todayq News on August 2, 2023, MicroStrategy might consider selling some of its stock to acquire even more Bitcoin, following its impressive Q2 earnings. The company is renowned for its proactive approach to increasing its Bitcoin holdings, as evident from its consistent actions.