TL;DR
- A Bitcoin whale purchased $200M worth of Bitcoin (2,400 BTC) on March 24, boosting their total holdings to over 15,000 BTC—now valued at more than $1.3 billion.
- The move follows a prior sell-off of over 11,400 BTC and coincides with a price rebound, with Bitcoin trading between $81K and $88K.
- In parallel, a long-dormant whale was reactivated by moving 3,000 BTC, while institutional investors like BlackRock are also accumulating significant positions, signaling renewed market optimism.
The cryptocurrency world is abuzz as a massive Bitcoin whale has made a bold move, purchasing $200 million worth of Bitcoin in a single transaction. This whale, already holding a significant stash of Bitcoin, added 2,400 BTC to their wallet on March 24.
ARKHAM ALERT: BILLIONAIRE BITCOIN WHALE APPEARS TO HAVE JUST BOUGHT $BTC
A $1B Bitcoin Whale just withdrew $200M of BTC this morning from Binance.
He started acquiring BTC 5 days ago after selling between $100K and $86K in February.
Address:… pic.twitter.com/YzmpWjdU0I
— Arkham (@arkham) March 24, 2025
The purchase comes after a period of selling, during which the whale offloaded over 11,400 BTC earlier this year. With this latest acquisition, the whale’s total holdings now exceed 15,000 BTC, valued at over $1.3 billion at current market prices.
This activity coincides with a recent rebound in Bitcoin’s price, which has been trading between $81,000 and $88,000 over the past week. The whale’s strategic timing suggests a calculated move to capitalize on the cryptocurrency’s upward momentum.
Dormant Whale Awakens After Eight Years
In a separate development, another Bitcoin whale has resurfaced after eight years of dormancy. This long-inactive wallet moved over 3,000 BTC, worth approximately $250 million, in a single transaction on March 22. The wallet, which had remained untouched since 2017, originally held Bitcoin valued at just $3 million.
The staggering increase in value highlights the transformative potential of long-term cryptocurrency investments. Blockchain analysts have noted that the funds were transferred to another wallet rather than an exchange, easing concerns about an imminent sell-off.
This move has sparked curiosity about the whale’s intentions, with speculation ranging from portfolio restructuring to preparations for more complex financial strategies.
Institutional Interest Adds to the Momentum
The activity among Bitcoin whales is not occurring in isolation. Institutional players are also making significant moves in the market. BlackRock has been steadily accumulating Bitcoin, adding over 4,000 BTC to its holdings in recent weeks. This trend underscores the growing confidence in Bitcoin as a long-term store of value and a hedge against traditional market volatility.
The Bigger Picture
The recent flurry of activity among Bitcoin whales and institutional investors signals a renewed optimism in the cryptocurrency market. As Bitcoin continues to recover from its February lows, these developments highlight the asset’s resilience and its appeal to both individual and institutional players.
