On-chain data reveals that the whale wallet “0xF0B…Bf06a” has strategically increased its holdings by acquiring 83.94 Wrapped Bitcoin (WBTC) since mid-May. Valued at approximately $8.98 million, the initial investment cost was around $1.07 million, currently reflecting an unrealized loss near $134,000. This accumulation underscores a calculated approach amid market fluctuations.
The latest transaction, executed just three hours ago, involved purchasing 23.7 WBTC at an average on-chain price of $105,343, amounting to roughly $2.49 million. This move increased the wallet’s total WBTC holdings to a significant $18.22 million in value, highlighting sustained confidence in wrapped Bitcoin as a key asset within the crypto portfolio.