Institutional Investors and Whales

ForkLog 10 22.06.2024

Michael Dell Shows Interest in Bitcoin

Michael Dell, the founder and CEO of Dell, has expressed interest in the leading cryptocurrency on the social network X. #Bitcoin is Digital Scarcity. — Michael Saylor⚡️ (@saylor) June 20, 2024 “Scarcity creates value,” he wrote. The post caught the attention of MicroStrategy founder Michael Saylor, who described Bitcoin as “digital scarcity.” In response, Dell […]

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ForkLog 16 19.06.2024

“A whale that slept for 100 years transferred all the world’s bitcoins to FTX”: a critical look at on-chain analytics

The rise of crypto has spawned entire business lines and disciplines. One of the most popular is on-chain data analytics. This field uses information about the behaviour of users and investors to anticipate price moves. Such analysis is built on, or incorporates, data taken from blockchains. Despite its convenience for professional traders and casual users […]

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ForkLog 42 11.06.2024

Dormant Bitcoin Wallet Moves 8000 BTC to Binance

A bitcoin wallet inactive since 2018 has transferred 8000 BTC (over $535 million) to Binance, the largest exchange by trading volume. Analysts at Lookonchain highlighted this development. A wallet that had been dormant for 5.5 years transferred 8K $BTC($535.64M) to #Binance 40 mins ago. The wallet received 8K $BTC on Dec 6, 2018, when the […]

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ForkLog 15 11.06.2024

‘Bitcoin is a pyramid scheme,’ they said. How banks now finance crypto

Traditional financial institutions have long and successfully invested in the crypto market. Despite foundational ideological contradictions, banks have done much to foster the digital economy and, lately, have publicly put resources into decentralised projects, individual coins and trading instruments. ForkLog recalls how classical financial institutions not only helped to shape the crypto market but also […]

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ForkLog 11 11.06.2024

Metaplanet of Japan Increases Bitcoin Reserves to 141 BTC

The publicly traded company Metaplanet announced the purchase of 23.351 BTC ($1.58 million), raising its total Bitcoin holdings to 141.07 BTC ($9.54 million). The firm’s shares responded with a 9.88% increase. This latest Bitcoin acquisition follows previous transactions on April 23 and May 10. The average purchase price for 1 BTC was 10.27 million yen, […]

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ForkLog 11 06.06.2024

Beercoin’s Price Surges to All-Time High Amid Whale Purchases

On June 5, the meme token Beercoin reached its ATH at $0.0005646. This followed significant purchases by a single trader, as noted by analysts at Lookonchain. Why has the price of #MEMEcoin $BEER been rising? It’s probably because a whale had been buying $BEER crazily. He has spent 31,052 $SOL($5.2M) to buy 29.25B $BEER at […]

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ForkLog 12 28.05.2024

Semler Scientific Acquires 581 BTC, Shares Surge by 28%

Semler Scientific, a company specializing in medical technologies, has announced the acquisition of 581 BTC valued at $40 million, according to a press release.

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ForkLog 19 16.05.2024

Institutional Interest: 937 Firms Invest $11 Billion in Bitcoin ETFs in Q1

937 institutional investors allocated $11.06 billion to spot Bitcoin ETFs in the first quarter. In July, Vanguard will be led by Salim Ramji, the creator of IBIT from BlackRock. Experts suggest the company might join the race for Bitcoin-based exchange-traded funds. As of March 31, 937 institutions had invested $11.06 billion in U.S. spot BTC-ETF […]

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ForkLog 21 16.05.2024

Millennium Management Acquires $1.94 Billion in Spot Bitcoin ETFs

By the end of the first quarter of 2024, hedge fund Millennium Management held $1.94 billion in spot bitcoin ETFs. This amount represents 3% of its AUM ($64 billion). The firm allocated its investments as follows: ARK 21Shares Bitcoin ETF (ARKB) — $45 million; Bitwise Bitcoin ETF (BITB) — $44.7 million; Grayscale Bitcoin Trust (GBTC) […]

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ForkLog 17 14.05.2024

Wisconsin State Investment Board Reveals $163 Million ETF Holdings

According to a SEC filing, the Wisconsin State Investment Board (SWIB) held shares in spot bitcoin ETFs totaling $163 million as of the end of March.

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ForkLog 15 13.05.2024

Dormant Bitcoins Worth $61 Million Stir After a Decade

On May 12, two wallets inactive for over a decade transferred 1,000 BTC (~$61 million) to new addresses. This activity was noted by Lookonchain. 2 wallets that have been dormant for 10.7 years transferred all 1,000 $BTC($60.9M) out in the past 20 mins. Wallet”16vRqA” received 500 $BTC($62K at that time) on Sept 13, 2013, when […]

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ForkLog 52 06.05.2024

Dormant Bitcoin Wallet Awakens After a Decade, Moves 687.33 BTC

On May 6, an unknown whale moved 687.33 BTC ($43.94 million at the time of the transaction) after a decade and three months of inactivity. Analysts at Lookonchain noted the event. A wallet that has been dormant for 10.3 years transferred all 687.33 $BTC($43.94M) out 10 mins ago. The whale received 687.33 $BTC($630K at that […]

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