An anonymous bitcoin whale reportedly bought $150 million worth of the cryptocurrency during its recent price crash
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A big holder of bitcoin scooped up millions of dollars worth of the cryptocurrency during its recent crash that pushed the price down by nearly 30% to below $50,000, The Independent reported Wednesday.
The third-largest holder of bitcoin bought more than $150 million of the digital currency, scooping up more than 3,000 bitcoins over the past couple of days, the report said, citing data from BitInfoCharts, a blockchain monitoring service.
The anonymous bitcoin holder's portfolio stood at around $5.9 billion with the new purchases. The holder's crypto address first shows activity in February 2019, when bitcoin traded in the $3,000 range and the holder has logged a profit gain of about $3.4 billion.
Bitcoin during Wednesday's session was
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