pull down to refresh

0 sats \ 3 replies \ @orthwyrm 22 Aug 2023 \ on: Proof of BlackRock: This BTC address just accumulated $3 billion in 2 months bitcoin

How do we know this doesn't belong to an exchange?

write
preview
0 sats \ 2 replies \ @birdeye21 OP 22 Aug 2023

It's just a fresh address, so it's some new entity. Could be an exchange, but just thought the timing surrounding the BlackRock ETF was funny

It could be Fidelity, Schwab and Citadel's new EDX exchange maybe

reply
25 sats \ 1 reply \ @orthwyrm 22 Aug 2023

Some on Reddit are claiming it's Robinhood, citing this website:

https://platform.arkhamintelligence.com/explorer/address/bc1ql49ydapnjafl5t2cp9zqpjwe6pdgmxy98859v2

Not sure how reputable it is. Interesting nonetheless.

reply
0 sats \ 0 replies \ @birdeye21 OP 22 Aug 2023

hmm Robinhood's been offering bitcoin for awhile now...not sure why they'd feel the need to load up on 118k BTC in 2 months from a new address

reply