The world’s largest non-exchange Bitcoin whale now holds over $2 billion worth of BTC after a string of massive transactions earlier this month.
According to crypto data platform BitInfoCharts, the whale has added 2,554 Bitcoin in a series of transactions since June 14th.
Between June 14th and June 18th, the whale purchased 1,698 BTC worth $36.62 million. Since then, the whale has accumulated 856 BTC worth $17.35 million.
Bitcoin is trading for $21,198 at time of writing.
The richest non-exchange Bitcoin whale currently holds a total of 130,227 BTC or 0.68% of the current supply. It is the world’s third-largest Bitcoin whale after the wallets belonging to Binance and Bitfinex crypto exchanges.
According to crypto analytics firm Santiment, the crypto market downturn has triggered an increase in the number of Bitcoin whales.
Santiment says the rise in the number of whales holding more than 10,000 Bitcoin started in February while the increase in the number of addresses holding between 10 and 10,000 BTC began earlier this month.
“While markets have been suppressed, there has been an increase in the amount of larger Bitcoin addresses popping up on the network. Addresses with 10 to 10,000 BTC have surged on the drop two weeks ago, and 10,000+ addresses have risen since February.”