Binance Acquires 101,266 Bitcoins Under $20,000

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On June 19, Binance purchased approximately 101,266 bitcoins as the price of the main cryptocurrency, bitcoin, reached its lowest price in a year.

For this transaction, the trading platform used a bitcoin wallet with the number 44434365according to the BitInfoCharts website, it is designed for cold storage.

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This address stores about 353,863 BTC with a total value of $7,025,905,968. The Bitcoin wallet has been active since December 8, 2017 and currently contains almost 2% of the total amount of bitcoins mined.

This is not the first time that Binance has bought BTC on a dip — in January, the exchange replenished its wallet with approximately 43,000 coins.

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Last week, the crypto market noted a significant drop, during which the price of BTC fell by almost 30% in 7 days. True, on the evening of June 19, it rose above $ 20,000, the trading volume also increased significantly.

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Source: Cryptocurrency

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