A mysterious Bitcoin (BTC) whale, nicknamed “Mr. 100,” has sparked curiosity in the cryptocurrency space after amassing over 52,996 Bitcoin, worth over $3.5 billion, on-chain data shows.
Who is Bitcoin’s “Mr. 100”?
The Mr. 100 whale wallet bought at least 1,000 Bitcoin (BTC) on March 15, which is 52% of the total 1,907 BTC bought by the ten spot Bitcoin exchange-traded funds (ETFs), according to an X (formerly Twitter) post by HODL15Capital.
Bitcoin accumulation sheet, Source: X, HODL15Capital
This address has been continually receiving BTC since November 2022, when the FTX exchange collapsed. The wallet has been adding at least 100 BTC nearly every day since Feb. 14.
The wallet received some larger Bitcoin transfers from a secondary wallet address, which has also been adding tranches of 100 BTC since 2019. This suggests that the mysterious whale has been stacking sats since at least 2019, according to HODL15Capital, who also noted in a March 15 X post:
“What I do know is that this is NOT one of the U.S. ETFs. I have all those mapped,”
Based on the size of the acquisitions, there’s speculation that the whale could be either a Hong Kong financial institution pre-seeding for ETFs, the Qatar Investment Authority, other Middle Eastern sovereign wealth funds, a cold wallet associated with South Korean Upbit exchange, or an unidentified address of a tech billionaire.
Mr. 100 continues accumulating regardless of Bitcoin price at near all-time highs, adding 400 BTC on March 12, when Bitcoin traded above the $72,000 mark.
Following the accumulation spree, the Mr. 100 wallet is currently the 14th largest BTC holder, according to Bitinfocharts data.
Mr. 100 Wallet Data. Source: Bitinfocharts
Wallet linked to Upbit: Crystall intelligence
The Mr. 100 wallet has been tagged as a cold wallet belonging to the Upbit cryptocurrency exchange, by blockchain intelligence firm Arkham Intelligence.
Based on blockchain data analyzed by Crystal Intelligence, the mysterious wallet belongs to Upbit, the firm told Cointelegraph:
“We have found that the number and value of transactions associated with this wallet are indicative of…..
