Number of Bitcoin wallets holding 100–1K BTC soars after Tesla’s $1.5B buy-in
Cointelegraph
Published May 27, 2021 07:00AM ET
Updated May 27, 2021 08:40AM ET
The amount of Bitcoin (BTC) held by whales increased by around 14% after Tesla (NASDAQ:TSLA) announced its foray into the cryptocurrency sector in early February 2021.
The latest data from on-chain analytics platform Glassnode shows an inflow of roughly $19.5 billion worth of Bitcoin — according to current exchange rates — into wallets that hold at least 100 BTC and a maximum of 1,000 BTC. The deposits spiked right after Tesla revealed in its January securities filings that it had added $1.5 billion worth of BTC to its balance sheet.
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Written By: Cointelegraph
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