A mysterious figure in the world of Bitcoin, known as “Mr. 100,” has captured the attention of cryptocurrency enthusiasts by accumulating a staggering amount of Bitcoin. According to on-chain data, Mr. 100 currently holds over 52,996 Bitcoin, which is valued at more than $3.5 billion.
The identity of Mr. 100 remains unknown, but there are several theories about who this Bitcoin whale could be. Some speculate that it may be a Hong Kong financial institution preparing for the launch of Bitcoin exchange-traded funds (ETFs), while others suggest it could be the Qatar Investment Authority or other Middle Eastern sovereign wealth funds. Another possibility is that Mr. 100 is associated with the South Korean Upbit exchange or an unidentified tech billionaire.
What sets Mr. 100 apart is their consistent accumulation of Bitcoin, regardless of its price fluctuations. Since February 14, this wallet has been adding at least 100 Bitcoin on a daily basis. On March 12, when Bitcoin reached a price above $72,000, Mr. 100 acquired an additional 400 Bitcoin. As a result of these constant acquisitions, the Mr. 100 wallet now ranks as the 14th largest Bitcoin holder.
Interestingly, blockchain intelligence firm Arkham Intelligence has identified the Mr. 100 wallet as a cold wallet belonging to the Upbit exchange. Crystal Intelligence, another analytics firm, has also confirmed that the secondary wallets associated with Mr. 100 are linked to Upbit. This suggests that Mr. 100 may have a connection to the South Korean exchange.
It’s worth noting that all 14 secondary wallet addresses connected to Mr. 100 have undergone Know Your Customer (KYC) verification on Upbit. This further supports the theory that Mr. 100 is associated with the exchange.
As always, it’s important to remember that this article does not provide investment advice. Investing in Bitcoin or any other cryptocurrency carries risks, and individuals should conduct their own research before making any investment decisions.