Ethereum investor sees huge profits!

446x gains realised....

Author

Daniel Akpobare
September 17, 2024

GM Explorer,

Crypto might be a risky business, but some savvy investors are proving that with the right moves, you can cash out big.

Curious to learn their secrets? Stick with us, and we’ll show you how they do it!

Here’s what we got for you today:

  • 🤑 Ethereum investor sees huge profits!

  • 🪙 MicroStrategy's massive Bitcoin acquisition!

  • 🧱 Around The Block: Donald Trump launches World Liberty Financial, team unveils token details.

🤑 Ethereum Investor Sees Huge Profits!

After 8.5 years of holding onto their Ethereum, an early investor (a whale, if you will) just made a seriously impressive move. 

Back in February 2016, they bought 16,636 ETH when it was dirt cheap at $5.23 per token—spending a modest $87,135.

Fast forward to today, and that same stash is worth over $37.6 million. Yep, you read that right—a mind-blowing 446x return!

This whale didn’t just sit on their profits, though.

They transferred all 16,636 ETH to a new wallet and sold 350 ETH at $2,340 each. When you do the math, you'll find that the profit is simply staggering!

Although they haven’t cashed out the full amount, but hey, profit is profit, right?

Interestingly, this whale is not alone—in fact, it is just one of several "whales" waking up after years of crypto hibernation.

Just last July, another whale, an Ethereum ICO participant, resurfaced and moved a cool 1,111 ETH after 9 years of inactivity.

Earlier that month, another whale with 977 ETH made headlines after reactivating their wallet.

And you know what? All this is happening while Ethereum has been in a bit of a slump. So imagine them selling at a peak time when a coin was about 4k!

As of now, it’s trading at $2,320 (down 5.05% in the last 24 hours), well below its one-month high of $2,820. 

But despite the dip, many ETH holders are still in good shape— at least that’s what IntoTheBlock analysis tells us.

According to their data, 54% of ETH holders are still sitting on major profits, with another 39% in loss, and 7% on neutral grounds.

But here's a fun fact: 74% of them have held their ETH for over a year!

This shows that even with market volatility, being early, patient, and having a long—term vision can pay off in the crypto world.

There’s definitely a lesson here, but here's a quick question: can you wait 10 years to cash out big?

Before you answer that, you should get the full details of the report or perhaps learn more about the power of patience in the crypto world here and here!

🪙 MicroStrategy's Massive Bitcoin Acquisition!

MicroStrategy, led by Bitcoin enthusiast Michael Saylor, now holds 244,800 Bitcoins, worth around $14 billion, after making its latest purchase a few days ago.

This impressive stash is almost 1.2% of Bitcoin’s entire circulating supply of 19.7 million tokens!

And makes it the largest holder among public companies, surpassing the coins held by most spot Bitcoin exchange-traded funds (ETFs), such as Grayscale’s GBTC and Fidelity’s FBTC.

The company began accumulating crypto in 2020 when Bitcoin was valued at just $12K, and its holdings have only increased since then.

To fund these acquisitions, the company often issues corporate debt to buy more BTC for its growing treasury.

But believe it or not, Saylor’s bet on Bitcoin isn't just about accumulating wealth; it's a bold financial strategy he actively promotes to other businesses.

Some companies, like Metaplanet, have already followed suit.

They recently adopted Bitcoin as a reserve asset to protect against the yen's volatility and now hold 400 BTC.

Despite Bitcoin’s recent price drop, Saylor remains confident and even predicts that Bitcoin could reach a staggering $13 million per coin over 21 years.

But only time will tell, right?🤷‍♀️

So, our question to you, dear readers, is this: Do you think Saylor has a risky but solid plan or is the risk way too great at this point?

For more insights, click here!

🧱 Around The Block

That's all we've got for you today.

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Catch you soon.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.

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