Bitcoin whale that sat through the March 2020 crash moves $378 million
Summary
A Bitcoin wallet that received 4,582 BTC shortly before the March 2020 market crash transferred the coins, now worth about $377.6 million, to five addresses. Each received 1,000 BTC except one, which received about 582 BTC; none has moved the funds. The wallet held the coins for more than four years, during which their value rose from roughly $40.8 million. The transfer’s purpose is unknown: dormant-whale movements can precede volatility, but may also be routine wallet-security activity.
