A Bitcoin (BTC) whale that last transacted about 44 months ago has awakened and moved over half a billion dollars worth of the flagship crypto asset, according to on-chain data.
Blockchain analytics platform Arkham Intelligence says that the Bitcoin whale, which last transacted in April 2021, has moved the large BTC stash to two new addresses for a total fee of $45.93.
“A whale that has been dormant for over three years has just moved $530 million of Bitcoin into two new addresses, with one holding $420 million and the other holding exactly 1000 BTC (approximately $107 million).”
Arkham Intelligence also highlighted MicroStrategy’s latest Bitcoin purchase. The business intelligence firm recently bought $1.5 billion worth of Bitcoin at an average price of $100,400, translating to an addition of around 15,350 BTC.
Bitcoin is trading at $106,850 at time of writing.
As of December 15th, MicroStrategy held 439,000 BTC acquired at an average price of $61,725 per Bitcoin.
Arkham also highlighted the latest crypto purchase by Wall Street giant Fidelity Investments. Fidelity Investments acquired Ethereum (ETH) worth $250 million last week.
According to Arkham Intelligence, the purchase of $250 million worth of ETH last week represented 16% of the inflows into Fidelity’s spot Ethereum exchange-traded fund (ETF) at the time. As of December 16th, the cumulative net inflows of Ethereum into Fidelity’s ETH ETF amount to $1.38 billion.
Ethereum is trading at $3,988 at time of writing.
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