Author: Brayden Lindrea, CoinTelegraph; Compiler: Tao Zhu, Golden Finance
Bitcoin trading firms BlackRock and MARA Holdings purchased a total of 9,173 bitcoins, while an unknown whale acquired 600 bitcoins as the price of bitcoin fell to $92,957 on December 5.
BlackRock bought as many as 7,750 bitcoins as buyers snapped up shares of its spot bitcoin exchange-traded fund, bringing its total bitcoin holdings to $48.9 billion at current prices, according to Arkham data.
“The fastest growing ETF ever,” said Thomas Fahrer, founder of Apollo, a cryptocurrency market firm that tracks the spot bitcoin ETF market.
Source: Thomas Fahrer
Meanwhile, Bitcoin miner MARA Holdings purchased 1,423 bitcoins worth $139.5 million in four transactions between December 5 and 6.
Prior to the Bitcoin purchase, MARA completed a second $850 million convertible note offering, which the company said it would use to accumulate more Bitcoin.
MARA currently holds 22,108 Bitcoins, valued at $2.17 billion, according to Arkham Intelligence. This is a sharp increase of 162% compared to the same period last month.
In the third quarter, MARA shifted to a new fiscal policy of "retaining all" the Bitcoin it mined and employing a range of capital market tools to increase its Bitcoin reserves - similar to MicroStrategy's Bitcoin playbook.
Meanwhile, Lookonchain noted in another X post that an anonymous crypto whale also appeared to take advantage of the Bitcoin price crash on December 5 and bought 600 BTC worth $58.85 million.
Data from BitInfoCharts shows that the whale’s wallet address “bc1pg…u0pk3” held no Bitcoin before the first transaction on November 24.
Just a day earlier, medical technology company Semler Scientific bought 303 Bitcoins at an average price of $96,779 on December 4 - just hours before Bitcoin broke the $100,000 milestone.
The company’s recent purchase brings its holdings to 1,873 bitcoins, valued at $182.8 million.
According to data from 67 public companies tracked by Bitcoin Treasury, bitcoin-holding companies like Semler Scientific hold a total of 527,026 bitcoins, or 2.66% of bitcoin’s current supply.
The Ten Largest Publicly Listed Bitcoin Holders. Source: Bitcoin Treasuries
The government holds 2,856 bitcoins, while asset managers and private companies hold 1,253 bitcoins and 410,418 bitcoins, respectively.
Golden Finance launches the 2245th issue of the cryptocurrency and blockchain industry morning report "Golden Morning 8:00" to provide you with the latest and fastest digital currency and blockchain industry news.
JinseFinanceGRIID's NASDAQ debut marks cryptocurrency's integration into mainstream finance, signaling industry dynamism. Caution advised in the evolving landscape.
Xu LinAVAV achieves a milestone as HongKongDoll collaborates with the Umate platform, marking the token's debut application, celebrated by a thriving community of over 50,000 holders with AVAV trading at nearly $3.
Max NgShakeeb Ahmed's guilty plea for a smart contract hack in DeFi signals a major step in cybercrime prosecution.
EdmundWhile the legal tussle between Ripple and the SEC is still ongoing, Ripple recently held an event to commemorate its partial legal victory.
CatherineAlex Tapscott’s new book breaks down key DeFi concepts for business leaders.
Cointelegraph“We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms.
CointelegraphCitibank, a major global banking institution, revealed on Wednesday that it has hired Switzerland-headquartered crypto custody firm Metaco to establish ...
Bitcoinist"There was a tremendous amount of interest activity experimentation happening in the (crypto) space, but not a tremendous amount of adoption from real use cases," said Zinder.
CointelegraphProminent crypto figure Alex Saunders has come back from months of being inactive on social media to issue a public apology for his actions last year.
Cointelegraph