According to BlockBeats, a mysterious entity known as 'Mr.100' has been significantly increasing their Bitcoin holdings as the Bitcoin halving approaches. Over the past three days, 'Mr.100' has purchased nearly all newly mined Bitcoin. On April 15, they bought 800 BTC, followed by 600 BTC on April 16, and 400 BTC on April 17. The total amount of Bitcoin purchased by 'Mr.100' has now surpassed the combined purchases of BlackRock and Fidelity.
The Bitcoin halving, a pre-scheduled event that reduces the number of new Bitcoins created and earned by miners, is seen as a significant event in the cryptocurrency market. It is often associated with a surge in the price of Bitcoin, as the reduced supply of new coins can lead to increased demand. The actions of 'Mr.100' suggest that they are anticipating a similar surge following the upcoming halving.
The identity of 'Mr.100' remains unknown, but their recent activity has attracted significant attention in the cryptocurrency community. The large volume of Bitcoin they have acquired indicates a strong belief in the future value of the cryptocurrency. The fact that their purchases have outpaced those of major investment firms like BlackRock and Fidelity further underscores the significance of their actions.