Bitcoin Whale Makes $200M BTC Purchase as Another Awakens After 8-Year Dormancy

A major Bitcoin whale has recently purchased $200 million worth of Bitcoin (BTC), coinciding with a rebound in the cryptocurrency’s price. Meanwhile, another whale wallet has awakened after eight years, moving a significant amount of Bitcoin.

Massive Bitcoin Whale Adds $200 Million in BTC

Blockchain analytics firm Arkham Intelligence reported that a prominent Bitcoin whale added 2,400 BTC—valued at over $200 million—to its holdings on March 24. This whale had previously sold more than 11,400 BTC in recent months when Bitcoin prices ranged between $86,000 and $100,000.

Currently, the whale holds over 15,000 BTC, worth approximately $1.3 billion at today’s prices.

Arkham Intelligence noted:

“A $1 billion Bitcoin Whale just withdrew $200 million of Bitcoin this morning from Binance.”

Bitcoin’s price has recently rebounded, trading between $81,000 and $88,000 over the past week, marking a recovery from its March 11 low of $76,900.

Another Whale Awakens After 8-Year Dormancy

Separately, another Bitcoin whale wallet, dormant for eight years, moved over 3,000 BTC—worth around $250 million—in a single transaction on March 22. Arkham Intelligence highlighted the significant appreciation of this whale’s holdings, noting:

“His Bitcoin stack went from $3M in early 2017 to over $250M today—and he’s held Bitcoin on one address for over 8 years.”

BlackRock Continues Bitcoin Accumulation

BlackRock, the world’s largest asset manager with approximately $11.6 trillion in assets under management, has also been actively accumulating Bitcoin. Over the past week, BlackRock purchased an additional 4,054 BTC, bringing its total holdings to 573,878 BTC, valued at over $50 billion.

BlackRock’s iShares Bitcoin Trust (IBIT) recently led a rally among U.S. spot Bitcoin ETFs, recording net inflows of $744.4 million after five consecutive weeks of outflows.

Ethereum Whale Also Active

Bitcoin whales aren’t alone in their recent activity. An Ethereum whale added 7,074 Ether (ETH)—worth approximately $13.8 million—to its holdings on March 21. Ether has traded between $1,876 and $2,097 over the past week, still significantly below its all-time high of $4,878.

Ethereum’s open interest recently surged to a new all-time high, and the number of addresses holding at least $100,000 worth of ETH has increased notably since early March.

Quick Summary

• A Bitcoin whale purchased $200 million worth of BTC amid a price rebound.
• Another whale wallet moved $250 million in BTC after eight years of inactivity.
• BlackRock continues to accumulate Bitcoin, now holding over $50 billion worth.
• An Ethereum whale also increased holdings by $13.8 million in ETH.

These whale movements highlight renewed institutional and large investor interest in cryptocurrencies amid recent market volatility.

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