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The unidentified Bitcoin ($BTC) whale has become unexpectedly active in the last 24 hours, increasing the cryptocurrency accumulation in its wallet and bringing its share to 12,131 $BTC.
According to data from Arkham Intelligence, the address "bc1qmpn" originally appeared on on-chain radar two weeks ago, when it landed 16.87 $BTC, equivalent to $1.01 million.
The funds came from another unknown address under the name "bc1qcacv." Then, eight days later, the new whale received another 176.616 $BTC, worth another $10.63 million, and its activity stopped for a while.
However, in the last 24 hours, an unknown large player began to aggressively absorb Bitcoin again, and from the same address where they initially received it. As a result, the total share of their holdings of the main cryptocurrency came to a mark equivalent to colossal $770.49 million.
Important details
Interestingly, the address from which the unknown whale received the funds also contains a significant amount of Bitcoin, namely 11,477 $BTC, which is equivalent to $728.92 million.
It is known that the first address that sent funds to "bc1qmpn" received its first $BTC from a wallet that could presumably belong to Fortress Trust, a crypto custodian and trustee.
However, whether this colossal amount of Bitcoin, which could be worth over a billion and a half dollars cumulatively, belongs to this company cannot be said for sure. It is possible that the funds belong to one of the trustee's clients.