Bitcoin OG sells 3,000 BTC for $363.87M USDC at $121,291 each
The investor previously dumped 35,991 BTC to load up on 886,371 ETH.
Photo: Abigail Lynn
Key Takeaways
- A Bitcoin early adopter sold 3,000 BTC for $363.87 million USDC, valuing each Bitcoin at $121,291.
- The sale is part of a broader trend where Bitcoin whales diversify their holdings.
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A Bitcoin early adopter sold 3,000 BTC for $363.87 million USDC today, with each Bitcoin priced at $121,291. The investors previously sold 35,991 BTC to acquire 886,371 ETH.
The transaction represents part of a broader pattern among Bitcoin whales converting holdings into other digital assets. Recent activity shows long-term Bitcoin holders increasingly diversifying portfolios through rotations into Ethereum and stablecoins.
USDC has become a preferred vehicle for cryptocurrency whales seeking quick liquidity during large trades. The stablecoin provides immediate access to dollar-denominated value without the volatility associated with other crypto assets.
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