Crypto Whale Spends $85 Million on Bitcoin Through THORChain

A crypto whale has made significant purchases of Bitcoin (BTC) using THORChain over four days, spending approximately $85.42 million in USDC to accumulate 1,075.6 BTC.

The buyer's average cost per BTC was around $79,412, which includes around $170,000 in THORChain swap fees, equivalent to roughly 0.2% of the capital deployed.

The purchases were sent to two Bitcoin addresses and developed through multiple transactions rather than a single block trade.

This is notable because the whale used decentralized cross-chain infrastructure, demonstrating that large traders can maintain self-custody while moving between stablecoin liquidity and native crypto assets.