Summary
- A 'Satoshi-era' Bitcoin wallet created in 2009 moved 150 BTC to another wallet after about 14 years.
- The wallet owner is estimated to be an early Bitcoin miner who held about $442 million worth of Bitcoin.
- Analysts said that since 2017 whale investors have been steadily selling Bitcoin to realize profits.
A 'Satoshi-era' Bitcoin (BTC) wallet created in 2009 moved again after about 14 years. The wallet held about $442 million worth of Bitcoin.
According to Cointelegraph on the 24th (local time), the wallet sent 150 BTC to another wallet today. Its last activity was in June 2011, when the owner transferred 4,000 BTC to a single wallet. With the current Bitcoin price at about $110,600, the total balance is estimated at about $442 million.
The wallet owner is believed to be an early miner who mined Bitcoin between April and June 2009 and held about 4,000 BTC. This was only a few months after the Bitcoin network first launched.
Blockchain analyst Emmett Gallic said, "This whale previously held 8,000 BTC distributed across multiple wallets and has been steadily selling, leaving only 3,850 BTC."
Earlier in July, another Satoshi-era wallet holding about 80,200 BTC also woke up after 14 years and moved funds to Galaxy Digital.
Analyst Willy Woo explained, "Whales holding more than 10,000 BTC have been steadily selling since 2017," adding, "Despite institutional inflows, some early holders are realizing gains."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
