The third-largest Bitcoin whale now holds more BTC than MicroStrategy.
We’ve been tracking the behavior of the third-largest bitcoin whale for quite some time now, and it appears that today it achieved a considerable milestone. The entity now holds more BTC than Michael Saylor’s MicroStrategy.
The third-largest Bitcoin whale has been on a buying spree lately. The entity has taken advantage of the recent plummets in the price and has added more to his stash.
On Saturday – January 22nd – the whale added 328 BTC worth almost $12 million. Today – January 25th – the entity also bought 160 BTC more, worth almost $6 million.
What is more impressive, though, is that now this entity holds more BTC than the publicly-traded company MicroStrategy.
The tech firm spearheaded by one of Bitcoin’s most vocal proponents – Michael Saylor – has 124,391 BTC.
This became clear on December 30th, 2021, when the company revealed that it had purchased another 1914 BTC. At the time, they paid $94.2 million for it.
This latest buy brought the total number of bitcoins that MicroStrategy holds to 124,391.
At the time of this writing, the third-largest whale holds 124,485 BTC.
According to MicroStrategy’s latest announcement, their average price on the BTC they’ve purchased is approximately $30,159.
On the other hand, the third-largest whale has a cost basis of about $22,000 per BTC and sits on a profit of about $1.75 billion at the time of this writing.
Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four 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
