Early Bitcoin Holder Wraps up $1.3B Selloff With Fresh $230M Kraken Move

Bitcoin.comThursday, November 20, 2025 at 4:45:04 PM
Early Bitcoin Holder Wraps up $1.3B Selloff With Fresh $230M Kraken Move
  • Owen Gunden has concluded a $1.3 billion Bitcoin selloff, transferring a final $230 million to Kraken, highlighting a major shift in his investment approach.
  • This transaction is significant as it marks the end of a substantial holding period for Gunden, potentially impacting market dynamics and investor sentiment.
  • The selloff occurs amid a backdrop of increasing institutional interest in Bitcoin, with Kraken's recent valuation surge to $20 billion and its plans for an IPO, reflecting broader trends in the cryptocurrency market.
— via World Pulse Now AI Editorial System

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Kraken-linked SPAC files for $250m Nasdaq IPO
NeutralCryptocurrency
A special purpose acquisition company (SPAC) affiliated with the cryptocurrency exchange Kraken has filed for a $250 million initial public offering (IPO) on Nasdaq, as indicated in a registration statement submitted to U.S. regulators on January 12. This move marks a significant step for Kraken as it seeks to expand its presence in the public markets amidst a fluctuating cryptocurrency landscape.

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