Lookonchain said an address that bought 80 BTC about four months ago for roughly $5.2 million has now lost the entire holding. The purchase price was about $65,000 per bitcoin, and the position had at one point shown a profit of $1.38 million. According to the monitoring update, the address bought a Ledger device from reseller CryptoBillis one week ago and transferred all 80 BTC into that device. The assets are now fully lost. The report was cited by ChainCatcher in a brief market update under its whale movement category.
ChainCatcher, citing Lookonchain, reported that an address bought 80 BTC about four months ago for roughly $5.2 million, at an average price of about $65,000 per coin.
Lookonchain said the position had at one point been up by $1.38 million. One week ago, the address purchased a Ledger device from reseller CryptoBillis and moved all 80 BTC into it. The assets have now been fully lost.
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