A savvy Bitcoin holder has bagged nearly $30 million of profit after patiently holding their BTC holdings for over a decade, highlighting the long-term investment potential of the digital asset.
The unknown investor sold 300 Bitcoin (BTC) for $29.8 million on Sunday after patiently holding the coins for more than 11 years, according to Whale Alert.
The investor reportedly purchased the coins for about $60,000 in 2013, meaning they made more than $29 million in profit.
Bitcoin investor sells after 11 years. Source: Whale Alert
United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million. “These increases were… Source link
