A mysterious figure in the world of Bitcoin, known as “Mr. 100,” has captured the attention of cryptocurrency enthusiasts by accumulating a staggering amount of Bitcoin. On-chain data reveals that Mr. 100 has amassed over 52,996 Bitcoin, which is valued at more than $3.5 billion.
The identity of Mr. 100 remains a mystery, but some interesting details have emerged. The whale wallet associated with Mr. 100 made a significant purchase of at least 1,000 Bitcoin on March 15. This accounts for 52% of the total 1,907 Bitcoin bought by the top 10 Bitcoin exchange-traded funds (ETFs). This information was shared in a post by HODL15Capital.
The wallet linked to Mr. 100 has been receiving Bitcoin consistently since November 2022, when the FTX exchange collapsed. Since February 14, the wallet has been adding at least 100 BTC on a daily basis.
Additionally, the wallet has received larger Bitcoin transfers from a secondary wallet address. This secondary address has also been accumulating 100 BTC tranches since 2019. These findings indicate that the mysterious whale has been stacking Bitcoin since at least 2019, according to HODL15Capital.
Speculation surrounding the identity of Mr. 100 suggests that it could be a Hong Kong financial institution preparing for ETFs, the Qatar Investment Authority, other Middle Eastern sovereign wealth funds, a cold wallet associated with the South Korean Upbit exchange, or an unidentified address belonging to a tech billionaire.
Despite the price of Bitcoin reaching near all-time highs, Mr. 100 continues to accumulate more Bitcoin. On March 12, when Bitcoin was trading above $72,000, Mr. 100 added 400 BTC to their wallet. As a result of this accumulation spree, the Mr. 100 wallet is now the 14th-largest holder of BTC, according to Bitinfocharts.
Furthermore, the Mr. 100 wallet has been identified as a cold wallet belonging to the Upbit cryptocurrency exchange by the blockchain intelligence firm Arkham Intelligence. Crystal Intelligence, a team of analysts specializing in blockchain data, confirmed that the secondary wallets associated with Mr. 100 also belong to Upbit.
In conclusion, the “Mr. 100” wallet is believed to be associated with the Upbit exchange based on blockchain data analysis. The wallet has been accumulating large amounts of Bitcoin, and all the secondary wallet addresses have passed Know Your Customer verification on Upbit. It remains a mystery as to who exactly is behind the Mr. 100 wallet, but their actions have certainly captured the attention of the cryptocurrency community.