A billionaire Bitcoin address has recently begun accumulating BTC again, with 3,238 BTC, worth over $280M, transferred from Binance to the address. The whale, bc1qc, had been selling portions of his BTC stack since the middle of December, with his sales accelerating into February. In February alone, he sold approximately 12,000 BTC, halving his BTC balance.
It is not clear how long this whale has been in the crypto space, but this address is still fairly fresh. It was generated and funded in March 2024 via a withdrawal from centralized exchange Kraken. A transfer in July 2024 also links this address to a suspected Abraxas Capital address, bc1qu, possibly linking this entity to the fund.
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