The world’s richest non-exchange Bitcoin (BTC) whale is adding more of the flagship crypto asset as the market recovers.
The wallet has added 806 BTC over the past seven days as Bitcoin’s price is now hovering above $31,000.
The wallet holds the largest number of bitcoin after crypto exchanges Binance and Bitfinex.
According to data from crypto tracking platform BitInfoCharts, the whale made the following purchases:
- 86 BTC worth $2.47 million on May 27th
- 481 BTC worth $14.15 million on May 26th
- 77 BTC worth $2.28 million on May 25th
- 162 BTC worth $4.72 million on May 24th
In total, the giant whale spent over $23.6 million to accumulate 806 BTC. At the time of writing, the whale’s BTC stack is worth more than $25.4 million.
Before buying 806 BTC in total over the past week, the whale had gained a net 3,315 bitcoin ($104 million) in the first three weeks of May. The richest non-exchange bitcoin wallet gained a net 3,821 BTC ($120 million) in May.
Last week, crypto insights firm Santiment announced that the number of addresses holding between 100 and 1,000 BTC is increasing.
“As Bitcoin continues to tread water at $29,600, the volume of major whale addresses (with 100 to 1,000 BTC) continues to rise after the massive dump seen in late January. We have historically found a correlation between price and volume of addresses at this tier.”
Source: SantimentFeed/Twitter
According to Santiment, the number of Bitcoin whale addresses had recovered from a low registered in January this year.
Bitcoin is trading at $31,623 as of this writing, up over 17% from a two-week low set last week.
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