Bitcoin Whale Acquires Record-Breaking $24.2 Million Worth of BTC

A significant move by a mysterious Bitcoin whale has captured the attention of the cryptocurrency market, with blockchain analytics platform Lookonchain revealing an anonymous address initiated with bc1qr9 purchased 251 BTC worth around $24.2 million just hours ago. This transaction brings the address’s total holdings to a remarkable 4,169 BTC, valued at approximately $401.47 million. Analysts attribute this acquisition to the continued growth of decentralized finance (DeFi) applications and increasing institutional investments in the cryptocurrency market.