Mysterious Owner Behind $3 Billion Bitcoin Wallet Has Finally Been Exposed

A wallet that accumulated $3 billion worth of Bitcoin in the last three months has revealed its owner to be Robinhood, although there is also evidence pointing to crypto exchange Gemini, raising doubts about Robinhood's ownership.

bitcoinist.com

Relevant topic timeline:

8/22/2023

Mysterious Bitcoin wallet becomes 3rd largest BTC holder in 3 months

An unknown Bitcoin wallet has amassed over $3 billion worth of Bitcoin in just over three months, leading to speculation about its owner, with some suggesting it could be BlackRock, although there is no solid evidence to support this theory.

8/26/2023

Bitcoin Price Prediction as $10 Billion Sends BTC Up 1% – Are Whales Buying?

Bitcoin's recent surge in value may be attributed to a $10 billion investment by whales, Robinhood's involvement in a $3 billion Bitcoin purchase, and JPMorgan analysts predicting an end to the crypto bear market.

8/28/2023

Robinhood Revealed to be Third-Largest Bitcoin Holder With $3B in BTC

Investing platform Robinhood holds over $3 billion in bitcoin in a single wallet, making it the third-largest bitcoin holder, behind Binance and Bitfinex.

8/29/2023

Robinhood, Jump Trading End Crypto Partnership, CoinDesk Reports

Robinhood is reportedly no longer conducting cryptocurrency business with market maker Jump Trading, as the latter has withdrawn from the US market due to regulatory crackdowns.

8/30/2023

Robinhood’s Crypto Wallet Adds Bitcoin and Dogecoin

Robinhood expands its crypto wallet to include support for bitcoin and dogecoin, allowing users to send and receive these cryptocurrencies in addition to ether and tokens built on the Ethereum blockchain. They also introduce swap features for select users to trade ether for over 200 different assets.

9/1/2023

Robinhood to buy back Bankman-Fried's stake for $605.7 million from U.S. government

Robinhood has entered into a $605.7 million share repurchase agreement with the United States Marshal Service to buy back stock from Sam Bankman-Fried's Emergent Fidelity Technologies.

9/16/2023

Robinhood Insider Sells $868K in Shares as Executives Cash Out Despite High Ownership

Insiders at Robinhood Markets have been selling more shares than they have been buying, with the recent sale by Daniel Gallagher being the largest in the past year. While high insider ownership suggests alignment with shareholders, the selling activity leaves some caution.

Topics

Posted 8/24/2023, 1:30:31 PM