The Enigmatic Rise of the $3 Billion BTC Whale — Tracing the Mysterious Path of Bitcoin’s Third Largest Wallet

The Enigmatic Rise of the $3 Billion BTC Whale — Tracing the Mysterious Path of Bitcoin’s Third Largest Wallet

This week, various reports and social media discussions have centered around the third-largest bitcoin (BTC) wallet, a long-standing enigma that potentially maintains the same ownership despite changes in its address.
Billion-Dollar Mysteries: The Cryptic Evolution of Bitcoin’s Third-Largest Wallet
The mysterious bitcoin wallet has garnered attention as it rose to the third largest in a span of 98 days. The wallet, identified as “bc1ql,” currently holds 118,300.20 BTC as of August 22, 2023, amounting to approximately $3.07 billion based on current exchange rates. Notably, this third-largest BTC wallet has been shrouded in mystery for an extended duration, even amid changes to its address over recent years. For example, in November 2021, the “1P5ZE” address held the third position.
Much speculation surrounded this wallet; at one point it was erroneously attributed to Microstrategy’s bitcoin holdings. However, after 1P5ZE’s balance decreased to zero, another wallet — “

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