During the recent downturn, in which bitcoin plunged to what is most likely a bottom, i.e. ~ $ 5, an unknown investor bought 000 BTC, which is now worth over a billion dollars.
Andy Hoffman, an ardent supporter of bitcoin who calls himself a crypto-consultant, has publicly told his followers on Twitter:
«Address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 purchased BTC for $ 344 million at an average price of $ 8 from 400/09.02.18/12.02.18 to 41/000/96, then almost doubled this amount, adding 000 coins. The total amount was 9 coins, which at a price of $ 400 cost approximately $ 900».
February 4 Hoffman stated: "At $ 8, it only takes $ 000 billion to block 1.3% of all existing bitcoins, with the exception of 1+ million lost forever. Only if you can find a seller for 3 BTC»
A pitiful billion. Who is this mysterious buyer remains unknown, but the first transaction at this address was 8 September 2017 of the year on 0.01 BTC. It was probably a test transaction, because it was quickly withdrawn or sent to what appears to be the bitcoin address of the exchange or broker.
After sending two more small amounts and making sure that everything works fine, this individual or legal entity purchased 7 BTC on November 4. In December and January, purchases continued - first 000 BTC, and in February the amounts increased significantly, reaching 1-000 bitcoins.
It is not known who owns this address with a billion dollars, but some argue that this is an exchange, although it looks very unlikely, since the amount of deposit and withdrawal is not so large.
This may be a broker. Within two days in December, two transfers were made to 1LAwhich was also opened in September 2017. On its balance sheet, approximately 400 BTC now remains.
This may indicate that both addresses belong to the same person, or, less likely, it was the amount sold outside the exchange.
We do not know how things really are, but the fact is that most of the BTC was bought during the recent lows. Bitcoin has more than doubled since then, now trading at around $ 11.