A majority of that stash, or nearly 30,400 BTC, was sent to “1FG2C…Rveoy” and 2,000 BTC was moved to “15gNR…a8Aok” after first being sent to a Mt. Gox cold wallet.

While volatility is price-agnostic, recent flows in the options market suggest bullish expectations.

Strong net flows into bitcoin exchange-traded funds indicate robust institutional demand as BTC dominance rises at the expense of ether, one trader noted.

The company reported its third quarter earnings results after the close of trading on Wednesday afternoon.

Over-the-counter desks hold 416,000 bitcoin valued around $30 billion, a level that has remained stagnant for the past month.

The Bhutan government recently deposited almost 1,000 BTC into a Binance deposit address. It holds $900 million of the asset.