Dormant Bitcoin (BTC) Whale Awakens and Moves $530 Million Worth of the Crypto Asset

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 Bitcoin (BTC) whale that last transacted 44 months ago has now moved over half a billion dollars’ worth of the apex crypto, as per on-chain data.

According to blockchain analytics platform Arkham Intelligence, the Bitcoin whale, last seen transacting in April 2021, has shifted 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 address holding $420 million and the other holding 1000 BTC (approx. $107 million).”

Arkham Intelligence also noted the latest Bitcoin purchase by MicroStrategy. The business intelligence firm recently bought $1.5 billion worth of Bitcoin at an average price of $100,400, adding roughly 15,350 BTC.

Bitcoin is trading at $106,850 at the time of writing.

As of December 15th, MicroStrategy owned 439,000 BTC, obtained at an average cost of $61,725 per Bitcoin.

Arkham also highlighted the recent crypto purchase by Wall Street giant Fidelity Investments. Last week, Fidelity Investments bought $250 million worth of Ethereum (ETH).

According to Arkham Intelligence, last week’s purchase of $250 million in ETH constituted 16% of the inflows into Fidelity’s spot Ethereum exchange-traded fund (ETF) at the time. As of December 16th, the total net inflows of Ethereum into Fidelity’s ETH ETF stand at $1.38 billion.

Ethereum is trading at $3,988 at the time of writing.

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