In less than three months, a wallet has become the third largest Bitcoin account in the world. According to BitInfoCharts data, this wallet received its first transaction on March 8 and has already been around 118,000 BTC is equivalent to around 3,000 million Euros at its current price..

The truth is that while the first two wallets are well known, the owner of this wallet has not spoken for now. The world’s largest cold wallets are held by Binance and Bitfinex, so this third wallet must belong to someone big enough.

A million-dollar wallet appeared

The large amount of bitcoin has created a lot of anticipation. Who could have collected so much money in such a short time? According to Cointelegraph, one of the possibilities will be BlackRock. The well-known mutual fund showed its interest in cryptocurrencies last year and is predicted to collect large amounts of bitcoin.

However, there is no evidence that there is a mutual fund behind this wallet. A move that does not fit the strategy of betting on crypto through third parties like Coinbase.

The wallet was especially active until the end of June. It has remained practically stable at 118,000 BTC since then.

That much money cannot be overlooked. Although it appeared recently, users began to analyze what its origin could be. And the answer seems to have been achieved.

As they pointed out from Reddit, transactions from this wallet point to Robinhood wallets. This indicates that bitcoins come mainly from the US stock market. This is a theory that fits the theory, especially considering that other major cold wallets are also owned by exchanges. Platforms that want to have “safe” bitcoins as backup.

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