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.
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OnchainDetectiveBing
· 12-09 14:02
Big shots really dare to go all-in.
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0xSleepDeprived
· 12-08 17:03
Whales are quietly accumulating and taking profits.
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PrivateKeyParanoia
· 12-08 17:02
Whales buying coins are just capricious
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SmartContractRebel
· 12-08 16:59
Institutions are throwing money at the bulls
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OPsychology
· 12-08 16:51
An institution-led bull market is now beyond doubt.
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.