A mysterious figure known as “Mr. 100” has captured the attention of the cryptocurrency community by accumulating a staggering amount of Bitcoin. With over 52,996 Bitcoin, valued at more than $3.5 billion, Mr. 100 has become a significant player in the crypto space.
The identity of Mr. 100 remains unknown, but some clues have emerged. On March 15, the whale wallet purchased at least 1,000 Bitcoin, which accounts for 52% of the total Bitcoin bought by the top 10 Bitcoin exchange-traded funds (ETFs). This information was shared by HODL15Capital in a post on X.
The wallet associated with Mr. 100 has been receiving Bitcoin continuously since November 2022, following the collapse of the FTX exchange. Since February 14, the wallet has been adding at least 100 BTC on a daily basis. Additionally, the wallet has received larger transfers from a secondary address, which has also been accumulating 100 BTC since 2019. This suggests that Mr. 100 has been accumulating Bitcoin since at least 2019, according to HODL15Capital.
There is speculation about the identity of this mysterious whale. Some believe 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.
Regardless of the price of Bitcoin, Mr. 100 continues to accumulate more. On March 12, when Bitcoin was trading above $72,000, the wallet added 400 BTC. As a result of this accumulation spree, the Mr. 100 wallet is now the 14th-largest holder of BTC, as reported by Bitinfocharts.
Crystal Intelligence, a blockchain intelligence firm, has linked the Mr. 100 wallet to the Upbit cryptocurrency exchange. Analyzing blockchain data, Crystal Intelligence found that the wallet has only been sending Bitcoin transactions to an Upbit hot wallet. Most of these transactions were in tranches of at least 500 BTC, with the largest transfers totaling 3,000 BTC.
The analytics team at Crystal Intelligence also confirmed that the secondary wallets associated with Mr. 100 belong to Upbit. This further supports the theory that Mr. 100 is connected to the South Korean exchange.
In conclusion, the mysterious figure known as Mr. 100 has amassed a significant amount of Bitcoin, sparking curiosity within the crypto community. While the identity of Mr. 100 remains unknown, speculations suggest various possibilities, including involvement from financial institutions, sovereign wealth funds, or even a tech billionaire. Regardless, Mr. 100 continues to accumulate Bitcoin, regardless of its price fluctuations.