The mystery is over. According to multiple reports on Twitter, the wallet address that has been stacking Bitcoin (BTC) in recent months has been identified as a wallet that belongs to Robinhood Markets Inc. In this way, the wallet becomes the third-largest in terms of Bitcoin holdings.
Bitcoin Wallet Belongs to Robinhood Markets
A few days ago, UseTheBitcoin reported that there was a mysterious address that acquired 118, Bitcoin in three months. This wallet is bc1ql49ydapnjafl5t2cp9zqpjwe6pdgmxy98859v2 and it became the third-largest in the world according to BitInfoCharts.
Several accounts on Crypto Twitter have been discussing who this wallet could belong to. The main answer and what most accounts believe is that this belongs to Robinhood Markets Inc. Several explorers have also been labeling this wallet as belonging to Robinhood.
The mystery $3b worth of Bitcoin wallet, has been revealed to be owned by Robinhood Markets Inc.
— Whale (@WhaleChart) August 24, 2023
This is something that shows that large companies are involved in the crypto industry and know how to handle Bitcoin transactions, deposits, transactions and more. Holding a large wallet with several billions in custody is not an easy task, and Robinhood is showing that they are ready to continue increasing the amount of BTC they have hoarded.
However, there have been users who believe that this wallet belongs to other holders. For example, the user @MartyPartyMusic on Twitter wrote that the wallet could be owned by Coinbase, one of the largest cryptocurrency exchanges in the world.
Nevertheless, most users and the community consider that the wallet is owned by Coinbase Markets Inc and that Coinbase is not related to this wallet.