Kraken Shaken by Massive $767M Bitcoin Transfer: An Inside Look at the Crypto Exchange's Turbulent Moment

Whale Alert Tracks Massive $800 Million Bitcoin Transfer from Kraken

Blockchain tracking service Whale Alert has detected a major Bitcoin movement from U.S.-based cryptocurrency exchange Kraken. An anonymous whale withdrew nearly $800 million worth of Bitcoin from the platform as BTC prices rebounded approximately 3.14% following a recent market downturn.

The transaction involved 7,402 BTC (valued at $767,696,757 at transfer time) moving to an unknown wallet. The whale behind this transfer currently holds an impressive 28,060 BTC portfolio worth approximately $2.91 billion.

• 7,402 BTC ($767.7 million) moved from Kraken to private wallet
• Whale's total holdings: 28,060 BTC ($2.91 billion)

Metaplanet Aims to Acquire 210,000 Bitcoins by 2027

Dubbed the "Japanese MicroStrategy," Metaplanet has unveiled plans to accumulate 210,000 Bitcoins by 2027. To fund this ambitious strategy, the company plans to raise ¥770.9 billion (about $5.35 billion) through the issuance of 555 million MS warrants to investors.

This announcement follows Metaplanet's recent acquisition of 1,088 BTC worth $113 million, bringing their total holdings to 8,888 BTC valued at $922.8 million. For comparison, MicroStrategy currently holds 580,955 BTC worth over $61 billion.

Bitcoin Price Recovers After Volatile Trading

Bitcoin has rebounded to approximately $104,000, gaining 3.34% today after a recent 5% price drop from $105,600. This volatility comes amid political tensions between former U.S. President Trump and Elon Musk.

The price decline coincided with public disagreements between the two figures regarding fiscal policy. Musk has opposed Trump's proposed tax-and-spending bill, warning it could increase U.S. national debt by $5 trillion. Trump responded by threatening to cancel government contracts with Musk's SpaceX.