Bitcoin Whale Spends $200 Million as BTC Price Rises
Bitcoin Whale– A major Bitcoin whale has made headlines by adding 2,400 Bitcoin, valued at over $200 million, to its wallet on March 24, 2025. This follows a series of sales earlier this year, during which the whale sold more than 11,400 Bitcoin. Despite the sales, the whale now holds over 15,000 Bitcoin, worth more than $1.3 billion at current prices.
According to blockchain analytics firm Arkham Intelligence, the whale began buying Bitcoin again five days ago after selling off its holdings when Bitcoin’s price ranged from $100,000 to $86,000 in February. The price of Bitcoin has since rebounded, trading between $81,000 and $88,000 over the past week, including a 3% surge on March 24.
Arkham also reported that the whale withdrew $200 million worth of Bitcoin from Binance recently, further suggesting that the whale is adjusting its holdings as the market stabilizes.
Other Major Bitcoin Movements
In addition to this whale, another Bitcoin holder, who has been dormant for eight years, moved over 3,000 Bitcoin (worth around $250 million) on March 22, 2025. Arkham noted, “His Bitcoin stack went from $3 million in early 2017 to over $250 million today.”
Furthermore, BlackRock, the world’s largest asset manager, has been steadily increasing its Bitcoin holdings. Over the past week, BlackRock added 4,054 Bitcoin to its portfolio, bringing its total to 573,878 Bitcoin, worth over $50 billion.
It’s not just Bitcoin whales making moves; Ethereum whales are also active. A lone Ethereum whale added 7,074 Ether, valued at $13.8 million, to its stash on March 21. Over the past seven days, Ether has been fluctuating between $1,876 and $2,097, with growing interest in the asset.
With both Bitcoin and Ethereum showing signs of recovery and major institutional players like BlackRock accumulating more, the crypto space continues to attract attention. However, as always, investors should stay informed and cautious in navigating the ever-evolving market.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
Leave a comment