Unmasking ‘Mr. 100’: The Enigma Behind Bitcoin’s 14th-Largest Holder
A Bitcoin (BTC) whale known as “Mr. 100” has captured the attention of the crypto community in recent days.
The enigmatic individual has amassed a staggering 52,996 Bitcoin, worth over $3.5 billion, making them the 14th-largest holder of the digital currency.
On March 15, the whale purchased at least 1,000 Bitcoin , which accounted for 52% of the total 1,907 BTC bought by the top 10 Bitcoin exchange-traded funds (ETFs), sparking speculation about the true identity of Mr. 100.
Interestingly, the wallet associated with Mr. 100 has been consistently receiving Bitcoin since November 2022, around the time of the FTX exchange collapse.
What’s more, the wallet has been adding approximately 100 BTC on a daily basis since February 14.
Larger Bitcoin transfers from a secondary wallet address have also been observed, with this secondary address accumulating tranches of 100 BTC since 2019.
This suggests that Mr. 100 has been accumulating Bitcoin for quite some time.
While the exact identity of Mr. 100 remains unknown, several theories have emerged.
Some speculate that the whale could be a Hong Kong financial institution pre-seeding for ETFs, the Qatar Investment Authority, other Middle Eastern sovereign wealth funds, a cold wallet associated with the South Korean Upbit exchange, or even an unidentified address belonging to a tech billionaire.
What sets Mr. 100 apart is their relentless accumulation of Bitcoin, regardless of its price fluctuations.
Notably, on March 12, when Bitcoin was trading above the $72,000 mark, Mr. 100 added a staggering 400 BTC to their holdings.
This unwavering accumulation spree has propelled them to become the 14th-largest BTC holder, according to data from Bitinfocharts .
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