Coinspeaker
Anonymous Buyer Splashes $424M on Bitcoin (BTC) Purchase
A yet-to-be-identified buyer has acquired 11,268 Bitcoin (BTC) between November 10 and now. The purchase, which is worth a total of $424 million, has also made the buyer the 74th largest holder of Bitcoin, per Bitinfocharts data.
The latest of the buys, which took place on Wednesday, saw the wallet adding 875 BTC. At the current price range of between $36,000 to $38,000, this means that the wallet owner still has at least $9.8 million in investment, that is yet to yield any profits.
Who Is Buying BTC?
Since the wallet on a BTC buying spree has been exposed, the identity of the owner has raised different speculations. However, a majority believe that it may be linked to one of the major applicants currently awaiting the regulatory approval of the United States Securities and Exchange Commission (SEC). That is as it concerns launching a spot bitcoin exchange-traded fund (ETF).
However, there is also the matter of whet
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