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Bitcoin billionaires continue to accumulate during the dip. As Bitcoin (BTC<\/a>) filled the $42 thousand December price wick this morning,<\/a> Bitcoin whales were busy stacking sats.<\/p>\n One address belonging<\/a> to Binance added 43,000 BTC on Tuesday at an average price of $46,553.68, bringing the wallet’s total value to $5.5 billion. <\/p>\n Elsewhere, the third-largest Bitcoin\u00a0address\u00a0continued its spending spree, adding<\/a> another 551 BTC since Cointelegraph last reported it bought the dip,<\/a> just two days ago. The wallet continues to aggressively accumulate in the $40 thousand range, now owning a total of 121,396 BTC or roughly $5 billion. <\/p>\n There was some consternation on social media platforms about the wallet owner behind the $43,000 BTC buy, but Binance confirmed<\/a> ownership of the address in a tweet sent out in 2019. <\/p>\n For $BTCB<\/a>, the $BTC<\/a> reserve address is: 3LYJfcfHPXYJreMsASk2jkn69LWEYKzexb<\/p>\n We have just reserved 9001 BTC and minted 9001 BTCB. https:\/\/t.co\/344lxlqsMa<\/a><\/p>\n A trading pair on #Binance<\/a> .com for BTCB\/BTC will follow in a day or so, and we will issue a proposal on @Binance_DEX<\/p>\n \u2014 Binance (@binance) June 17, 2019<\/a><\/p><\/blockquote>\n Related:\u00a0Bitcoin Twitter flips bearish, community responds<\/a><\/em><\/strong><\/p>\n The intended use of wallet address “3LYJfcfHPXYJreMsASk2jkn69LWEYKzexb” was for the company to issue<\/a> a number of crypto-pegged tokens on Binance Chain, starting with BTCB, a BEP2 token pegged to BTC. <\/p>\n However, the wallet appears to have evolved<\/a> into a cold storage wallet for the world\u2019s largest cryptocurrency exchange. In a tweet by advanced blockchain tracker @whale_alert in April last year, the wallet was again labeled<\/a> as the Binance BTC reserve wallet address. <\/p>\n Although the wallet has been used<\/a> to mint<\/a> 13,001 BTC onto the Binance Smart Chain, the owner has never sold a single Satoshi. Since June 17, 2019, it has accumulated a whopping 116,601.13647202 BTC. <\/p>\n At the time of writing, the wallet is valued at roughly $4,982,770,577 or just shy of $5 billion. Talk about diamond hands. <\/p>\n<\/div>\n\n