DIGIVESTASI - This mysterious Whale, nicknamed Mr. 100, has caught the attention of the cryptocurrency community as it continues to accumulate large amounts of Bitcoin. Mr.100 is known to own around 52,996 Bitcoin worth about $3.5 billion, making him the 14th largest Bitcoin holder in the world.

Data from HODL15Capital shows that Mr.100's wallet started accumulating BTC in early November 2022, coinciding with the crash of the FTX exchange.

Since February 14, at least 100 BTC has been added to this wallet almost every day. Several large Bitcoin transfers have also been received from a secondary wallet address where 100BTC has been accumulated since 2019, suggesting that Mr.100 has started accumulating since then.

Mr.100 continued to accumulate assets even as Bitcoin price approached all-time highs, buying 400 BTC on March 12, when Bitcoin was trading above $72,000. He also bought 1,000 BTC on March 15, representing 52% of total purchases across 10 Bitcoin ETF applications.

Speculation about Mr.100's identity

Mr. 100's consistent behavior has sparked debate regarding his identity. Mr. 100 may not be an individual investor, but a company such as a mutual fund or a large bank that manages several spot Bitcoin ETFs, said Chris Martin, research director at Amber Data.

Martin expressed his doubts regarding the filling of the wallet in preparation for the upcoming Bitcoin halving, saying that his motivation is to support price appreciation rather than collecting tokens for a specific event.

Other speculations suggest that Mr.100 could be a Hong Kong financial institution, Qatar Investment Authority, or a Middle Eastern sovereign wealth fund that has committed to the ETF. According to Arcam Intelligence, a blockchain forensics platform, Mr.100 is a cold wallet for Upbit, based on the relationship between wallet transactions and other Upbit addresses, which is typical of an exchange's cold wallet operations.

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