$5 Billion Bitcoin Whale Swaps Significant BTC for Ethereum
A major Bitcoin holder, with an estimated $5 billion in BTC, has executed a substantial portfolio shift by exchanging $216 million worth of Bitcoin for Ethereum. This strategic move, involving a meticulous batch sale and purchase process, highlights a growing trend of diversification among large-scale crypto investors.
On-chain analytics firms have linked the whale's address to a network holding $5 billion in Bitcoin. The entity has also recently acquired $2.5 billion worth of ETH, indicating a sustained pivot towards the second-largest cryptocurrency.