Mr. 100: Mysterious Bitcoin Whale’s Secret Revealed

A mysterious Bitcoin whale known as Mr. 100 attracted attention by accumulating 52,996 Bitcoins worth $3.5 billion. On March 15th, they acquired an amount equivalent to half of all spot Bitcoin exchange-traded funds by purchasing at least 1,000 Bitcoins. They have been regularly buying Bitcoin since November 2022 and have been increasing their savings by adding at least 100 Bitcoins daily. They also garnered attention for their purchases in 100 Bitcoin increments since 2019. Bitcoin Accumulation Strategy During this time, Mr. 100’s Bitcoin purchases gave rise to various speculations. It is speculated that they could belong to Hong Kong financial institutions, the Qatar Investment Authority, Middle Eastern sovereign wealth funds, the Upbit exchange in South Korea, or a cold wallet associated with a technology billionaire. Despite Bitcoin reaching levels of $72,000, Mr. 100 continues to accumulate and has become the 14th largest Bitcoin holder according to Bitinfocharts. Mr. 100’s True […]

Mr. 100: Mysterious Bitcoin Whale’s Secret Revealed

A mysterious Bitcoin whale known as Mr. 100 attracted attention by accumulating 52,996 Bitcoins worth $3.5 billion. On March 15th, they acquired an amount equivalent to half of all spot Bitcoin exchange-traded funds by purchasing at least 1,000 Bitcoins. They have been regularly buying Bitcoin since November 2022 and have been increasing their savings by adding at least 100 Bitcoins daily. They also garnered attention for their purchases in 100 Bitcoin increments since 2019.

Bitcoin Accumulation Strategy

During this time, Mr. 100’s Bitcoin purchases gave rise to various speculations. It is speculated that they could belong to Hong Kong financial institutions, the Qatar Investment Authority, Middle Eastern sovereign wealth funds, the Upbit exchange in South Korea, or a cold wallet associated with a technology billionaire. Despite Bitcoin reaching levels of $72,000, Mr. 100 continues to accumulate and has become the 14th largest Bitcoin holder according to Bitinfocharts.

Mr. 100’s True Identity Revealed

According to an analysis by blockchain data firm Arkham Intelligence, the owner of the wallet known as Mr. 100 was identified as the cold wallet of the Upbit cryptocurrency exchange. This was revealed based on blockchain data analyzed by Crystal Intelligence, belonging to Upbit. It was noted that Mr. 100 only sent Bitcoin transactions to the wallet labeled as Upbit’s hot wallet and made transactions in increments of at least 500 Bitcoins.

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