Revealing the Identity of Mr.100, Owner of $3.5 Billion Worth of Bitcoin
Mr.100 is known to possess nearly 52,996 Bitcoins, valued at around $3.5 billion, making it the 14th largest Bitcoin holder in the world.
Data from HODL15Capital indicates that Mr.100's wallet began accumulating BTC since November 2022, coinciding with the downfall of the FTX exchange.
The wallet has been noted to add a minimum of 100 BTC almost every day since February 14. Several significant Bitcoin transfers have also been received from secondary wallet addresses that have been accumulating 100 BTC since 2019, indicating that Mr.100 has been accumulating since then.
Mr.100 continues to increase its assets even as the price of Bitcoin approaches its all-time high, with purchases of 400 BTC on March 12 when Bitcoin was trading above $72,000. It also bought 1,000 BTC on March 15, which accounted for 52% of the total purchases by 10 Bitcoin ETF applications.
Speculation on Mr.100's Identity
Mr.100's consistent actions have sparked discussions about its identity. According to Chris Martin, Director of Research at Amberdata, Mr.100 may not be an individual investor but rather an entity such as an investment fund or a large bank behind some Bitcoin spot ETFs.
Martin added doubts about filling the wallet as preparation for the upcoming Bitcoin halving, suggesting that the motivation may be more about supporting price increases rather than collecting tokens for specific events.
Other speculations suggest that Mr.100 could be a financial institution from Hong Kong seeding for ETFs, the Qatar Investment Authority, or a sovereign wealth fund from the Middle East.
Meanwhile, according to Arkham Intelligence, a blockchain forensic platform, Mr.100 is the cold wallet of Upbit, based on wallet transactions and its relationship with other Upbit addresses, which is a characteristic of exchange operational cold wallets.
Read Too : Dogwifhat (WIF) Price Skyrockets, Market Cap Overtakes PEPE
*Disclaimer:
This content aims to enrich reader information. Always conduct independent research and use disposable income before investing. All buying, selling, and crypto asset investment activities are the reader's responsibility.
