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    Home » Crypto News » Third-Largesst Bitcoin Whale Buys BTC Worth $28 Million at $38.4K

    Third-Largesst Bitcoin Whale Buys BTC Worth $28 Million at $38.4K

    Author: George Georgiev

    Last Updated Mar 9, 2022 @ 11:04

    The third-largest Bitcoin whale bought another 730 BTC at an average price of about $38.4K in the past two days alone.

    The third-largest Bitcoin whale, whom CryptoPotato has been tracking for quite some time, has added another $28 million worth of BTC in the past couple of days.

    • The third-largest Bitcoin whale remains an unknown entity that hasn’t been identified. Although some speculate that it might be a cold wallet for an exchange, its activity doesn’t support this thesis.
    • The entity has demonstrated a clear long-term trend of accumulation and strategic buy-the-dip moves that are not typical of an exchange’s cold wallet.
    • Now, it appears that the whale is at it once again, buying a total of 730 BTC in the last two days at an average price of around $38.4K.
    • The first purchase was worth around $12 million, and it took place yesterday at a price of $38,200 – the whale added 318 BTC.
    • Today, the entity bought another 412 BTC for almost $16 million at an average price of $38.5K.
    • It’s worth noting that since then, the price surged and is currently trading at around $42K, which means that the whale is already well in profits on his last buy.
    • In total, the address has a balance of a whopping $5.3 billion, holding 126,341 BTC in total.
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    Tags: Bitcoin
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    About The Author

    George Georgiev
    More posts by this author

    Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over two years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

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