After 7 Years Dormant, Major Bitcoin Investor Moves $1.1 Billion in BTC, Continues Buying ETH

A major Bitcoin investor, who had been dormant for 7 years, moved $1.1 billion worth of BTC to a new wallet on the 30th and resumed purchasing Ethereum (ETH), as revealed by on-chain data. Arkham Intelligence reported on platform X that a 'whale' holding over $5 billion in BTC is currently buying ETH. This investor had already purchased $2.5 billion worth of ETH last week and, after a two-day pause, resumed spot purchases of ETH through Hyperunit/HL by depositing 1,000 BTC. On the 30th, Lookonchai reported that this Bitcoin OG had acquired 641,508 ETH...