An unidentified address accumulates over 12k BTC in a month

The whale accumulated the assets in just 30 days, according to data from Arkham Intelligence.

The address was created on Nov. 1, 2023 and since then it has received Bitcoin every day from different addresses in large quantities. The first sender was a wallet associated with the BitMEX exchange.

An unidentified address accumulates over 12k BTC in a month - 1
Source: Arkham Intelligence

The active accumulation of Bitcoin by one address quickly attracted the attention of the community. Taking to X, Wealth Mastery founder Lark Davis speculated institutional investors may be trying to “get ahead” of the approval of a BTC-based spot ETF.

The topic of a mysterious wallet with a huge amount in its account has reached Reddit, with users pointing out an alleged connection to BitMEX.

According to Henley & Partners, as of 2023, there are 6 Bitcoin billionaires in the world and 22 crypto billionaires whose assets are distributed across different cryptocurrencies.

Analysts also identified 88,200 people who own digital assets worth more than $1 million. According to the study, the total market capitalization of crypto stands at $1.18 trillion. At the same time, more than 425 million users have savings in cryptocurrencies.

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