Summary
- An early Bitcoin investor recently sold 2000 BTC (about $221 million).
- The investor bought 49,850 ETH (about $219 million) with the sold funds.
- The investor now holds a total of 691,358 ETH (about $3 billion) and it was reported as a case of shifting the portfolio to be centered on Ethereum.
An early Bitcoin (BTC) investor sold Bitcoin and used the funds to buy Ethereum (ETH).
On the 30th (local time), LookonChain reported that an early Bitcoin investor sold 2000 BTC (about $221 million) over the past 12 hours and bought 49,850 ETH (about $219 million) with an equivalent amount of funds.
The investor is currently reported to hold a total of 691,358 ETH (about $3 billion). This transaction has attracted attention as it is an example of a long-term Bitcoin holder making a large-scale shift of their asset portfolio toward Ethereum.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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