Bitcoin Whale Moves $8.7 Billion After 14 Years Dormancy

Generated by AI AgentCoin World
Friday, Jul 4, 2025 5:48 pm ET1min read

A dormant

Bitcoin
whale, holding a substantial amount of the cryptocurrency, has awakened after 14 years of inactivity. The whale, which had been silent since the early days of Bitcoin, moved approximately 80,000 BTC, valued at around $8.7 billion, in a series of transactions. This movement was detected by on-chain analytics platforms, which confirmed the transfer of 10,000 BTC in eight separate transactions over a span of less than four hours.

The Bitcoin stash, initially acquired during the era of the mysterious Bitcoin creator Satoshi Nakamoto, was worth less than $4 per BTC at the time of purchase. The data revealed that each of the 10,000 BTC transferred on July 4th was worth about $33,999 in 2011. Notably, each of the 10,000 BTC transferred today was worth over $1.08 billion at the time of transfer, suggesting that the whale has amassed massive gains of over $1.08 billion per each 10,000 BTC stash. Hence, the total 80,000 BTC holdings have achieved over $8 billion in profit within the span of 14.2 years.

The reason behind the massive BTC transfer remains unconfirmed, but it has sparked curiosity across the crypto community regarding the nature of the transaction and its potential impact on the crypto market’s performance. A recent post from a popular crypto analyst firm revealed that the major Bitcoin transfer witnessed today was moved by a single entity, predictably an institutional holder. The firm further revealed that all of the Bitcoin was moved into the original wallets on either April 2nd or May 4th, 2011, and had not been moved until today, marking 14 years of dormancy.

While the move has sparked concerns of major volatility ahead for the crypto market, the massive Bitcoin transfers have yet to directly impact BTC’s current market value, as the market has maintained stable price movements since the time the transactions were executed. The crypto community is now closely monitoring the situation to see if there will be any further movements or announcements from the whale.