As a seasoned researcher with a keen interest in the dynamic world of cryptocurrencies, I find myself intrigued by this recent flurry of Bitcoin transactions. The sheer magnitude of these purchases by established players like BlackRock and MARA Holdings, coupled with the mysterious moves of an anonymous whale, indicates a growing confidence in Bitcoin’s future potential.
On December 5, investment firms BlackRock and MARA Holdings each acquired approximately 4,586.5 and 4,586.5 Bitcoins respectively, as the price of Bitcoin dropped to $92,957. Meanwhile, a mysterious large-scale investor, known as a ‘whale,’ purchased around 600 Bitcoins during this timeframe.
BlackRock has acquired approximately 7,750 Bitcoins (BTC), boosting its overall Bitcoin holdings to a staggering $48.9 billion according to Arkham’s data, after investors snapped up shares of the company’s Bitcoin spot exchange-traded fund and increased their BTC positions.
According to Thomas Fahrer, the founder of cryptocurrency market company Apollo, this is the “Swiftest expanding Exchange-Traded Fund (ETF) in History.” The ETF being referred to here is the one that follows the Bitcoin Spot Market.
During the period of December 5th to 6th, MARA Holdings, a company specializing in Bitcoin mining, acquired approximately 1,423 Bitcoins for around $139.5 million, according to observations made by blockchain analytics firm Lookonchain.
After finalizing our second $850 million convertible note offering, I, as a researcher, have observed that subsequent purchases were made in Bitcoin. This offering, we stated, was intended to bolster our Bitcoin holdings.
Currently, MARA is in possession of approximately 22,108 Bitcoins, which equate to around $2.17 billion, according to data from Arkham Intelligence. This represents a significant jump of about 162% compared to the same period last month.
In Q3, MARA decided to keep every Bitcoin it mines, along with using various financial tools from the capital market to strengthen its Bitcoin holdings – much like MicroStrategy’s strategy with Bitcoin.
Simultaneously, it appears that a mysterious cryptocurrency giant, often known as a “whale,” has similarly capitalized on the dip in Bitcoin’s price on December 5th, acquiring approximately 600 Bitcoins worth around $58.85 million, according to Lookonchain’s separate post.
Data from BitInfoCharts indicates that the Bitcoin wallet address “bc1pg…u0pk3” did not contain any Bitcoin prior to its initial transaction on November 24th.
303 more Bitcoins were purchased by the healthcare technology company Semler Scientific just a day ago, for approximately $96,779 each on December 4th. This purchase was made just hours before Bitcoin reached and surpassed the $100,000 mark.
The firm’s latest purchase increased its Bitcoin holdings to 1,873 Bitcoin, worth $182.8 million.
67 publicly listed companies such as Semler Scientific collectively own approximately 2.66% of all existing Bitcoins, amounting to a total of 527,026 Bitcoin, as reported by Bitcoin Treasuries.
2,856 Bitcoins are owned by governments, whereas asset management companies and private entities own approximately 1,253 Bitcoins and a staggering 410,418 Bitcoins, respectively.
Bitcoin is currently trading at $97,580, down 4.9% over the last 24 hours.
Read More
- GBP EUR PREDICTION
- SEI PREDICTION. SEI cryptocurrency
- HBAR PREDICTION. HBAR cryptocurrency
- CNY RUB PREDICTION
- TRB PREDICTION. TRB cryptocurrency
- BCH PREDICTION. BCH cryptocurrency
- INJ PREDICTION. INJ cryptocurrency
- HOOK PREDICTION. HOOK cryptocurrency
- CTXC PREDICTION. CTXC cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
2024-12-06 08:39