Thus far, investigators continue to uncover the extent of the losses caused by this wallet’s technical weakness. The latest estimates point to a range between 1,400 and 1,700 BTC tokens drained, valued at more than $100 million.
Finally, market participants have found other corners of the tech space like artificial intelligence (AI) and space travel more appealing, as they have clearer use cases compared to cryptocurrencies.
Saylor Adds Fuel to the Fire as Strategy Sells $440M Bitcoin
Roughly 17 years after the launch of Bitcoin, the degree to which institutions have adopted blockchain technology remains slow.
In August alone, we reported that whale wallets have acquired approximately 30,000 BTC tokens, indicating ongoing accumulation as BTC continues to trade relatively range-bound between $60K and $66K.
