An ancient Bitcoin whale has transferred 850 BTC, worth approximately $77.9 million, to the regulated digital asset platform Paxos. This transaction is part of a recent trend where long-term Bitcoin holders are moving assets to compliant platforms, indicating a strategic shift towards regulated asset management. The whale's identity remains undisclosed, with blockchain forensics expert Emmett Gallic monitoring the addresses involved.
This transfer follows earlier November transactions totaling 2,300 BTC to Paxos, highlighting a potential increase in institutional interest in compliant platforms. Analysts suggest these moves could impact market liquidity and transparency as more long-term holders opt for regulated environments.
Ancient Bitcoin Whale Transfers 850 BTC to Paxos
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