Jane Street Makes Large BTC Purchase of 911.19 Coins Within Nine Hours, Valued at Approximately $54,030,000
Publication Time:2024-08-13 11:21:07
Recent on-chain data analysis has brought attention to the actions of the renowned quantitative trading company, Jane Street, in the cryptocurrency market. According to the monitoring results by blockchain analyst @ai_9684xtpa, Jane Street extracted 911.19 bitcoins (BTC) consecutively from the Gemini platform over the past nine hours. Calculated based on current market prices, the total market value of this batch of bitcoins is approximately $54,030,000. The analysis suggests that Jane Street holds confidence in the long-term value of Bitcoin. Notably, this is not Jane Street's first such action; in the past seven months, the company accumulated 865 and 1147 bitcoins through the Gemini platform on January 20th and February 1st respectively, with Bitcoin prices at around $41,855. Based on current market prices, Jane Street has already gained a total of approximately $34,820,000 in unrealized profits from these two operations.
Bitcoin
Cryptocurrency
Gemini
Jane Street
Quantitative Trading