Robinhood Markets, Inc. is allegedly the proprietor of the cryptocurrency wallet that has amassed more than $3 billion worth of Bitcoin within just three months.
Blockchain data tracker, Arkham Intel is credited with this discovery.
Arkham Intel, however, hasn't officially disclosed this discovery.
It's worth noting that the information didn't originate from Robinhood itself.
While the accuracy of this news is plausible, what's puzzling is Arkham's decision not to share this development with its followers on social media platform X (Twitter).
This reticence sparked a frenzy within the crypto-community on the said platform.
Robinhood's Bitcoin Bags?
Identified as the owner of the third-largest Bitcoin wallet, Robinhood has achieved this status with its crypto wallet, housing over $3 billion in BTC.
The wallet's rapid ascent in the global ranking of prominent Bitcoin holders, reaching the third spot, caused quite a stir in a matter of a few months.
The intrigue and speculation surrounding this wallet are due to its anonymous nature. Recently, someone claimed that BlackRock was the rightful owner.
This assertion was prompted by an analysis of wallet transactions, indicating that on May 16, 2023, the address received a substantial 3400 BTC.
Arkham's claim hasn't quelled rumors and speculations in the space, however.
According to Wu Blockchain, the owner is likely Gemini's crypto-exchange.
Wu Blockchain has highlighted that transfers from the US exchange platform three months ago were directed to the very address that now boasts a $3 billion balance.