A Bitcoin whale that has been dormant for over three years recently made a significant move, transferring over half a billion dollars worth of Bitcoin to two new addresses. According to Arkham Intelligence, the whale last transacted in April 2021 and has now moved a staggering $530 million in BTC, with one address holding $420 million and the other holding 1000 BTC, approximately $107 million.
In addition to this whale’s activity, MicroStrategy, a business intelligence firm, recently made a substantial Bitcoin purchase of $1.5 billion at an average price of $100,400. This purchase added around 15,350 BTC to MicroStrategy’s holdings, which now total 439,000 BTC acquired at an average price of $61,725 per Bitcoin.
The current price of Bitcoin is $106,850, and it continues to attract attention from institutional investors and whales alike. Fidelity Investments, a Wall Street giant, also made headlines with its recent acquisition of Ethereum worth $250 million. This purchase represented 16% of the inflows into Fidelity’s spot Ethereum exchange-traded fund (ETF) at the time, with cumulative net inflows into the Fidelity ETH ETF totaling $1.38 billion as of December 16th.
Ethereum is currently trading at $3,988, showing strength and stability in the cryptocurrency market. Institutional interest in both Bitcoin and Ethereum is on the rise, with companies like MicroStrategy and Fidelity Investments taking significant positions in these digital assets.
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