A mysterious entity has emerged within the Bitcoin community, known only as "Mr. 100." This significant Bitcoin whale, a term used for large-scale holders, currently possesses an impressive 52,996 Bitcoins, valued at over $3.5 billion.

According to data tracked by HODL15Capital, "Mr. 100" has consistently been acquiring batches of 100 Bitcoins since at least 2019. These transactions persisted even after the unfortunate collapse of the FTX exchange in November 2022. Interestingly, the wallet also received substantial transfers from another account exhibiting a similar pattern of regular 100 BTC transactions.

Despite the fluctuating Bitcoin prices, the individual behind "Mr. 100" has remained undeterred, even recently acquiring 400 BTC when the cryptocurrency was priced above $72,000. As a result, "Mr. 100" has risen to become the 14th-largest BTC holder, according to data collected from Bitinfocharts.

Amidst widespread speculation, some theorize that this mysterious figure could be associated with powerful financial institutions from Hong Kong or the Middle East, or possibly an anonymous tech billionaire. However, the prevailing theory proposed by blockchain intelligence outfits Arkham Intelligence and Crystal Intelligence suggests that "Mr. 100" might actually be the cold wallet of the South Korean cryptocurrency exchange, Upbit.

The pattern of Bitcoin transfers to and from a secondary wallet identified as an Upbit hot wallet lends further credence to this speculation. While there is rampant speculation regarding the identity of "Mr. 100," the individual's significant influence in the cryptocurrency market and consistent accumulation of Bitcoins remain undeniable facts.