Switch to seedless. Get 30% off with SWITCH30 till Oct 21Bitcoin wallet moves $377M after 6 years of inactivity
6.6 Markets A dormant Bitcoin wallet moved 4,582 BTC (USD $377.6M) to five addresses after six years. No sale detected; likely for security or asset management.
A Bitcoin wallet dormant for over six years has transferred 4,582 BTC, worth approximately USD $377.6 million, to five separate addresses. This significant movement took place on October 13, with the funds now resting in the new addresses and no signs of a subsequent sale. When the wallet originally received these BTC, their value was around USD $40.8 million, reflecting an unrealized gain of about USD $337 million. Such transfers do not necessarily indicate a sale, as distributing large amounts across multiple addresses is a common practice for security or asset management. At the time of the transaction, Bitcoin was priced at USD $83,245, marking a slight daily decrease of 0.4%. Analysts note that the market is recalibrating and expect Bitcoin to trade between USD $80,000 and USD $90,000 in the fourth quarter. The exact motive behind the transfer remains unknown.
