As reported by TheCCPress, an ancient Bitcoin whale has moved 850 BTC, valued at approximately $77.9 million, to Paxos. This follows a series of similar transactions in recent weeks, signaling a shift in long-term BTC holders' strategies toward regulated asset management. The whale, whose identity remains unknown, has no public affiliations, and the addresses involved are monitored by blockchain forensics expert Emmett Gallic. Analysts suggest the move reflects growing institutional interest in compliant platforms, potentially influencing market liquidity and transparency. The deposits follow earlier November transactions of 2,300 BTC to Paxos, a regulated digital asset platform.
Ancient Bitcoin Whale Transfers 850 BTC to Paxos Amid Institutional Shift
CCPressShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.