A Bitcoin (BTC) whale has emerged from a six-year hiatus, transferring approximately 6,000 BTC, worth around $649 million.
According to on-chain data, the wallet address 1J3B2ucUpWjWPPpejUCoLN93Gwz3q65CTd originally acquired these Bitcoin holdings on July 25, 2019, when the cryptocurrency was trading at $9,796 per coin. The initial investment totaled $58.77 million, which has now appreciated to $649 million, representing a remarkable 1,004% return over the holding period.
Bitcoin wallet address moves 6,000 BTC. Source: BitInfoCharts
The entire wallet balance was transferred in a single transaction executed earlier today on July 8. Despite the size of the transaction, Bitcoin’s price has remained stable following the move, suggesting the funds may have been moved to another wallet or through over-the-counter channels rather than on public exchanges.
Satoshi-era wallet moves $1 billion of BTC
The $600 million transaction comes just days after an even more remarkable on-c
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