Gate News bot message, A prominent Bitcoin OG has executed a significant asset reallocation in the past 12 hours, converting 2,000 BTC (valued at $221M) into 49,850 ETH ($219M) through spot trading. According to Lookonchain's data, this investor now holds a total of 691,358 ETH, equivalent to approximately $3 billion.
The same investor previously acquired 641,508 ETH ($2.94B) and recently resumed ETH purchases after a two-day pause. The transaction involved depositing 1,000 BTC ($108.27M) to Hyperliquid for the conversion to ETH.
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Major Bitcoin OG Makes Strategic Shift: Swaps 2,000 BTC for Nearly 50,000 ETH
Gate News bot message, A prominent Bitcoin OG has executed a significant asset reallocation in the past 12 hours, converting 2,000 BTC (valued at $221M) into 49,850 ETH ($219M) through spot trading. According to Lookonchain's data, this investor now holds a total of 691,358 ETH, equivalent to approximately $3 billion.
The same investor previously acquired 641,508 ETH ($2.94B) and recently resumed ETH purchases after a two-day pause. The transaction involved depositing 1,000 BTC ($108.27M) to Hyperliquid for the conversion to ETH.