last year Bitcoin (BTC) all, including to cryptocurrencies An interesting claim has been made about the Chinese government, which is known for its bans and strict practices.
Popular platform Ki Young Ju, CEO of CryptoQuant In a post on his Twitter account today, he claimed that the Chinese government is a Bitcoin whale.
According to the famous CEO, the Chinese government already has more Bitcoin than the BTC whale MicroStrategy, which is known as the company with the most Bitcoins in the world.
Stating that the Chinese government is a crypto whale, Ki Young Ju said in his post:
“The Chinese Government is a crypto whale.
Chinese authorities seized 194,000 BTC, 833 thousand ETH and other cryptocurrencies from the PlusToken scam in 2019.
They registered these $6 billion worth of assets in the national treasury.
Looking at the attached chart, the Bitcoin whale MicroStrategy only has 130,000 BTC.”
In the continuation of his sharing, Ju said that some wallets thought to be related to the PlusToken event are still sending Bitcoin to exchanges, and “Some wallets thought to be related to PlusToken are still sending BTC to exchanges. “ said.
FUN FACT: Government of China🇨🇳 is a crypto whale.
Chinese authorities seized 194k BTC, 833k ETH, and others from the PlusToken scam in 2019. They forfeited these $6 billion-worth assets to the national treasury.
FWIW, MicroStrategy has 130k $BTC. pic.twitter.com/Ilqp7EnenL
— Ki Young Ju (@ki_young_ju) November 2, 2022
Responding to a follower, Ju stated that it was not disclosed whether these Bitcoins were sent to exchanges for sale or for storage, but there are risks that these 194 thousand BTCs held could be used to damage and manipulate the Bitcoin market.
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