An unknown Bitcoin wallet has emerged as the third largest BTC holder in the world. The wallet took three months to accumulate BTC and climb to its current position in the holder rankings. After the recent revelation, some speculations and theories are popular about the owner of the mysterious wallet.
BitInfoCharts shares data about Mysterious Wallet
The crypto statistics platform, BitInfoCharts, provided details about the mysterious wallet. The data showed that the wallet received some BTC coins for the first time on March 8. Within three months and two weeks, the wallet accumulated 118,000 BTC. Judging by the current prices in the crypto market, the coins are worth $3.08 billion.
Despite holding such a large amount of BTC, the whale is still not the largest in the industry. Data from BitInfoCharts shows that the current largest Bitcoin wallets in the world belong to Binance and Bitfinex and that these two top BTC wallets currently function as cold wallets.
Binance’s cold wallet arose as the largest BTC holder in the world as of March 10, 2021, holding 143,528 BTC. It gradually moved forward and reached an all-time high of 299,427 BTC in June 2021. But the wallet had 248,597 BTC coins worth more than $6 billion in June 2023, according to current prices.
On the other hand, Bitfinex’s cold wallet ranks second as the largest BTC holder, while the mystery wallet currently holds the third position. Interestingly, tThe fourth largest Bitcoin wallet is another Cold Wallet from Binance.
Does BlackRock own the mysterious wallet?
After the emergence of the mysterious wallet as the third largest Bitcoin holder, speculation and theories began to flow within the crypto space andeveryone has suggested the possible owner of the wallet.
One X user (formerly Twitter), DivXManpointed out that on May 16, 2023, the mysterious wallet witnessed the first major transaction of 3,400 BTC tokens. A month later, the largest global asset manager Blackrock applied for a spot in Bitcoin ETF on June 15. Another user Posted a huge black stone, indicating that the wallet belongs to BlackRock.
This has led to a rumor that BlackRock could be the owner of the unknown wallet. This is based on close timing between the Bitcoin ETF registration and the main accumulation of BTC in the wallet. However, the theories that BlackRock might be the possible owner of the mysterious wallet lack concrete evidence.
In particular, the application for a place, BTC ETF from BlackRock caused a big wave in the crypto market. And if the US Securities and Exchange Commission (SEC) approves the filing, it would become the first Spot Bitcoin ETF to trade in the US.
In addition to BlackRock, other leading companies and entities have also applied for a spot in Bitcoin ETF. These include Fidelity, Valkyrie, Invesco, and Wisdom Tree, among others.
Featured image from Pixabay and chart from TradingView.com
