Benzinga - The previously unidentified address that accumulated more than $3 billion in the world's largest digital currency over the past three months and now recognized as the third largest Bitcoin (CRYPTO: BTC) wallet, has been identified. It allegedly belongs to Robinhood Markets Inc. (NASDAQ: HOOD), based on findings from Arkham Intelligence shared in a tweet by BitCoin News.
The crypto market has been intrigued by the discovery of this Bitcoin behemoth, which holds an astonishing $118,000 Bitcoin, which translates to roughly $3.08 billion based on current rates.
Data from BitInfoCharts reveals that this massive collection of $118,000 BTC was amassed in a single Bitcoin wallet in an incredibly brief period of just four months.
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Earlier conjectures pointed to major entities such as top cryptocurrency exchange Binance and financial powerhouse BlackRock Inc (NYSE: BLK) as the potential "primary candidate" behind this activity.
Bitcoin's price has seen a slight uptick recently, now hovering around $26,030.
Consequently, the worth of the third-largest Bitcoin wallet has also risen, reaching a valuation of $3.08 billion, as noted by BitInfoCharts.
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