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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Whale Moves Bitcoin Worth US$347 Million
Whale Bitcoin (BTC) transferred over 3.165 BTC worth US$347 million to the largest exchange in the US within two hours on Wednesday (11/06). This transfer occurred in several transactions from an anonymous wallet, with the largest transaction reaching 794 BTC or worth US$86.9 million.
One significant transaction involved 510 BTC or worth US$56.1 million sent from the crypto trading firm Institutional. Such large activity usually indicates potential selling by a whale or large institutions.
Investors are becoming cautious as large flows of Bitcoin to exchanges are often associated with sell-offs that can impact prices. Although the exact reasons are not yet known, the transfer patterns and involvement indicate a positioning strategy by institutional players.
As a point of information, at the time this article was written, Bitcoin was at the level of US$107,736 or down 1.70% in the last 24 hours after the Consumer Price Index (CPI) or inflation in the United States was reported to have risen by 2.4% year-on-year in May.