"Mr. Bitcoin" unrealized gains of 71,587 BTC reach $1.25 billion, what is his investment philosophy?

According to monitoring data from iChainfo, the whale address 1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP has once again increased its Bitcoin holdings as of July 2024. Known in the industry as “Mr. Bitcoin,” this investor has a habit of purchasing in units of 100 BTC, and their steady investment behavior has attracted the attention of market participants.

Steady Buying Strategy of the Whale Address

The most notable feature of Mr. Bitcoin is that he consistently makes purchases within the range of 100–110 BTC. Data reveals that this trading range accounts for over 50% of his total transactions, demonstrating a highly disciplined investment approach. As of July 2024, his total holdings reached 71,587 coins, with a total asset value exceeding $4.49 billion.

What’s remarkable is that this investor is not merely repeating mechanical buy-ins but also executing strategic sales aligned with market cycles. During past high-price phases, he appropriately reduced some positions, indicating a high level of market judgment.

Accumulating at Market Bottoms, Adjusting at Bull Markets—The Art of Timing Investments

Tracking Mr. Bitcoin’s investment activities over time reveals his foresight. His initial large purchase concentrated at the bear market bottom in November 2022, accumulating Bitcoin at low prices. Subsequently, during several rebound phases in 2023, he systematically took profits, and when prices peaked in June 2024, he temporarily paused buying.

However, following a slight price correction in July, he resumed increasing his holdings. From this behavior, his average cost has risen to around $45,000, yet his investment decisions still appear prudent.

Current Holdings and the Implication of $1.68 Billion Unrealized Gains

As of July 2024, Mr. Bitcoin’s total profit has reached approximately $1.68 billion. Of this, realized gains amount to $430 million, while unrealized gains (paper profits) stand at $1.25 billion.

The current Bitcoin price hovers around $87,740, with holdings fluctuating continuously. Mr. Bitcoin’s future selling decisions will serve as an important indicator reflecting overall market sentiment in the cryptocurrency space. When this large investor chooses to realize profits will be a key trend that market participants should closely monitor.