The wallet, which by itself holds the largest trove of Bitcoin next to crypto exchange giants Binance and Bitfinex, is buying more BTC as the price of the flagship cryptocurrency continues to trade below the $40,000 mark.
According to data from crypto tracking website BitInfoCharts, the deep-pocketed investor snapped up 318 BTC and 412 BTC on March 8th and 9th respectively when the latest crypto market downturn began.
Before that, the crypto holder sold 1,500 BTC during a short-term rally in early March when the top crypto asset by market cap briefly rose to $43,900, a price tag that it hasn’t seen since early February.
The crypto whale currently holds about 126,000 BTC worth a staggering $4.9 billion at time of writing.
In a report published last week, crypto insights firm Santiment notes that BTC investors are moving their holdings out of exchange protocols, which could indicate a future rally for the leading digital asset.