Even though the market isn’t doing as good as it was two months ago, some Bitcoin investors are still spending big. This week, a trader who preferred to remain anonymous just spent over $400 million to buy a big amount of the world’s most popular cryptocurrency.
According to Fortune, the buyer ended up with raising his or her stake from 55,000 coins to more than 96,000. Obviously, that buy-in is already paying some serious returns, as Bitcoin’s price grew significantly over the past days.
Not all coins were received at once
The first part of the purchase was made on February 9, while the rest of 9,000 coins were received on February 12. Until now, the total gains are around $83 million, but this number is expected to seriously grow.
Currently, the total value of the buyer’s portfolio is around $1.1 billion. Also, whoever this mysterious buyer is, it’s not the first time her or she splashes so much cash on Bitcoin. On the other side, the investor is relatively new to the cryptocurrency world.
Until December 12, the account was holding just 0.246 coins, but on the morning of December 13 had a whooping 48,627. At that time, Bitcoin was trading at $17,000, which translates in an initial investment of $827 million.
Still, who got all those coins?
Obviously, everybody wants to find out who this person is, because you don’t find out about such an impressive amount of money being invested in a very volatile asset every day. Some say that it could be a corporate investors, who is now adding crypto to its holdings, but this is just a rumor.
Over the past days, Bitcoin climbed up nicely, managing to register a 50% growth in the past two weeks. However, there are a lot of skeptics who still consider the coin a bubble that burst and it’s about to do it again in the near future, as well as advising everybody to be cautious with the amount of money they invest in this.
We’re looking forward to seeing the next investment of this type, maybe in another coin!