Robinhood gathered $3B in Bitcoin in 3 months — What does this imply for markets?

In a swift and intriguing flip of occasions, a beforehand enigmatic (BTC) handle managed to catapult itself to the esteemed place of the third-largest holder of BTC. As reported by Cointelegraph on Aug. 22, the handle in query gathered a staggering 118,000 BTC.

Whereas its id has now been attributed to Robinhood (NASDAQ:), questions nonetheless linger, because the monetary big has neither confirmed nor denied these allegations. Some on-chain analysts posit that the stash really belongs to MicroStrategy, the U.S. enterprise intelligence and analytics software program agency, which holds 152,800 BTC, as per their latest submission to the U.S. Securities and Trade Fee.

Proceed Studying on Coin Telegraph