The New Old ‘Bronze’ Entrant Among BTC Holders

posted  22 Aug 2023
Photo - The New Old ‘Bronze’ Entrant Among BTC Holders
As per BitInfoCharts, the wallet address bc1q…859v2 received its initial deposit of BTC on March 8. Over the following three and a half months, it amassed 118,000 BTC (nearly $3.1 billion).

Speculations quickly spread across X (Twitter), suggesting it might be BlackRock strategically increasing its BTC holdings.

However, the wallet belongs to the US-based exchange Gemini. It transferred its funds from an older wallet, which was also among the top BTC holders nearly a year ago.

The current top three wallets are as follows:

Binance cold wallet — 248,597 BTC.
Bitfinex cold wallet — 178,010 BTC.
Gemini new wallet — 118,300 BTC.