A prominent Bitcoin holder has deposited 1,000 BTC, valued at approximately $109 million, into the Hyperliquid platform. The move is reportedly aimed at selling Bitcoin to purchase Ethereum on the spot market. This investor previously acquired 740,570 ETH, worth $3.4 billion, and staked it, indicating a significant shift in their investment strategy towards Ethereum.
Bitcoin Whale Deposits $109M in BTC to Acquire More Ethereum
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.