Whale Investor Doubles Down on Bitcoin Amid Price Slump

A prominent Bitcoin holder recently made a strategic move during the recent price downturn, significantly increasing their holdings. This investor, or institution, has now accumulated over 566 BTC worth approximately $65 million. Just last week, they added 379.2 BTC to their portfolio at an average price of $120,151 per Bitcoin, and then followed with a recent purchase of 187.5 BTC for a total investment of $105,410 per Bitcoin.