According to TechFlow, on June 8, blockchain analyst Ember (@EmberCN) monitored that a Bitcoin whale who purchased 500 BTC at $27,400 each two years ago has today increased their holdings by another 250 BTC (approximately $26.37 million). This investor withdrew 500 BTC from the Gemini exchange to a personal wallet on May 17, 2023, and these bitcoins have not been moved since.

Today, the investor increased their holdings by 250 BTC again via Gemini, bringing the total holdings to 750 BTC. Currently, the investor's average cost basis is $53,426 per BTC, with unrealized profits of about $39.14 million.