A major corporate player just made another massive Bitcoin move last week—scooping up 10,624 BTC for roughly $962.7 million. The purchase price? Around $90,615 per coin.



Here's the bigger picture: this entity now sits on a staggering 660,624 BTC worth approximately $60.58 billion at current valuations. Their average entry point across all holdings stands at $74,696, which puts them up an eye-watering $11.23 billion in unrealized gains. That's a 23% profit margin for those keeping score.

The continued accumulation at these price levels sends a pretty clear signal about long-term conviction in Bitcoin's trajectory. While retail investors debate daily price swings, some institutional wallets just keep stacking sats regardless of short-term volatility.
BTC-1.32%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
OnchainDetectiveBingvip
· 12-09 14:02
Big shots really dare to go all-in.
View OriginalReply0
0xSleepDeprivedvip
· 12-08 17:03
Whales are quietly accumulating and taking profits.
View OriginalReply0
PrivateKeyParanoiavip
· 12-08 17:02
Whales buying coins are just capricious
View OriginalReply0
SmartContractRebelvip
· 12-08 16:59
Institutions are throwing money at the bulls
View OriginalReply0
OPsychologyvip
· 12-08 16:51
An institution-led bull market is now beyond doubt.
View OriginalReply0
StakeOrRegretvip
· 12-08 16:37
Now the market has truly become large.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)