According to HODL15Capital monitoring, a certain address ("Mr. 500") increased its holdings of 500 BTC on August 26th, and subsequently increased its holdings of 500 BTC through two consecutive daily transactions (totaling 1000 BTC). As of September 7th, the address holds 12500 BTC, approximately 677 million US dollars. HODL15Capital added that this seems to be a cold wallet address for Kraken, but it has not been confirmed. @ftukdrtuklyt

Impressive increase in BTC holdings by "Mr. 500"! This could indeed indicate a strategic move by a major player in the crypto space. It will be interesting to see how this impacts the market in the coming days.