Bitcoin Whale That Sat Through Every Crash Since 2020 Just Moved $377M
Summary
A Bitcoin wallet that had been dormant since March 2020 moved all 4,581.94 BTC—worth about $377 million—into five new addresses on Oct. 12. Four received 1,000 BTC each and one received 581.94 BTC; none had spent the coins by Oct. 13. The wallet’s owner and the transfer’s purpose are unknown. The coins were worth about $40.5 million when first received, representing nearly a tenfold increase. The move follows years of market turmoil during which the holding’s value fluctuated sharply. The address also received small dust deposits, including one suspected address-poisoning attempt, but showed no sign of falling for it.
