Bitcoin Ancient Whale Transfers 6,000 BTC to Buy ETH — Now Holds 278,490 ETH (~$1.28B)

COINOTAG News on August 24, citing LookIntoChain monitoring, reports that a notable Bitcoin whale executed an off-chain transfer of 6,000 BTC to acquire ETH. The record of this movement was confirmed by blockchain analytics and reflects a material portfolio adjustment by a large holder.

According to the same dataset, the entity has accumulated a cumulative position of 278,490 ETH, representing an estimated valuation of approximately $1.28 billion and an average cost basis near $4,585 per ETH. These figures outline the whale’s disclosed ETH accumulation and provide a clear snapshot of its cost exposure.

On-chain records further indicate the wallet retains a remaining long position of 135,265 ETH, roughly $581 million at current quoted values. Market participants and analysts relying on blockchain analytics can use this verified data to assess large-holder concentration and potential liquidity implications without conjecture.

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