Bitcoin Whale Awakens After Seven Years of Dormancy, Converts Holdings to $270 Million Worth of Ethereum
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According to a report by Jinse Finance, citing @TheBlock__, a Bitcoin wallet that had been dormant for seven years recently became active again, selling most of its Bitcoin holdings and purchasing Ethereum. The wallet initially received 100,784 Bitcoins and recently bought 62,914 Ethereum (worth $270 million) on the spot market, while also establishing a long derivatives position of 135,265 Ethereum (worth $580 million).
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