Biggest Bitcoin Whale on Record Amounts $ 411,000,000 in BTC as Crypto Markets Consolidate

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As the global markets take another dip, a crypto whale is taking on Bitcoin (BTC) hugely.

According to BitInfoCharts, a single wallet has accumulated 6,863 Bitcoin since November 8. With an average purchase price of just under $ 60,000 per BTC, the holder added around $ 411 million to an already huge bag.

The wallet is currently in possession of 113,863 BTC. At the current BTC price of $ 56,878, the portfolio is valued at over $ 6.4 billion.

This is the most well-known Bitcoin whale that exists when filtering wallets located on crypto exchanges, which hold BTC on behalf of many different investors. After cold wallets owned by crypto exchanges Binance and Bitfinex, the whale has the largest known BTC stash.

Here is an overview of portfolio activity over the past two weeks.

Source: BitInfoCharts.com

Several other Bitcoin whales have also made massive crypto moves recently:

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Featured Image: Shutterstock / Sensvector / Jorm S

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