Bitcoin Whale Wakes Up After Three Years To Move $530,000,000 in BTC to New Wallets, Pays $46 in Fees: Arkham

A Bitcoin (BTC) whale that last transacted about 44 months ago has awakened and moved over half a billion dollars worth of the flagship crypto asset, according to on-chain data.

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 whale that has been dormant for over three years has just moved $530 million of Bitcoin into two new addresses, with one holding $420 million and the other holding exactly 1000 BTC (approximately $107 million).”

Arkham Intelligence also highlighted MicroStrategy’s latest Bitcoin purchase. The business intelligence firm recently bought $1.5 billion worth of Bitcoin at an average price of $100,400, translating to an addition of around 15,350 BTC.

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

As of December 15th, MicroStrategy held 439,000 BTC acquired at an average price of $61,725 per Bitcoin.

Arkham also highlighted the latest crypto purchase by Wall Street giant Fidelity Investments. Fidelity Investments acquired Ethereum (ETH) worth $250 million last week.

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

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

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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