$400 Million Worth Bitcoin Bought By Unidentified Trader

Could you believe this? It is not one of the richest men in the world or the Las Vegas highest ruler who has invested $400 million worth of money in Bitcoins. An anonymous trader has made this huge investment on the cryptocurrency that has surprised everyone involved with the industry.

Now, his or her Bitcoin count has risen from 55,000 coins to 96,000 coins. This increase in the coin count took place within a space of 4 days from February 9th to February 12th.

The majority of the Bitcoins was purchased by the anonymous person on February 9th this year. He or she is already getting good returns for the Bitcoin buying. He or she would have gained $83 million until now. The portfolio of the buyer says that his or her account is worth $1.1 billion. The trader bought around 9,000 coins on February 12th.

The investor is not a first timer at Bitcoin trading. The account was mainly inactive until December 12th. It went from 0.246 coins to around 48,620 odd coins on December 13th. This was when Bitcoin was trading at its peak. The rough investment of $827 million in Bitcoins was made by this anonymous trader on Dec. 13. There is no evidence of who the trader is and what the plan for making such huge purchases was.

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About the Author: Paul Wright

Paul grew up in a small town in Ohio. He studied history in university, graduated, and married his wife shortly after graduating. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central New Mexico. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children.

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