Bitcoin whale that was dormant for 8.5 years transferred 5,907.56 BTC, valued at approximately $384 million
2026-07-16 15:44
According to Odaily Planet Daily, a Bitcoin wallet that had been untouched since the end of 2017 transferred 5,907.56 BTC on Thursday, valued at approximately $384 million, with the funds moving to a new address.
Data from Galaxy Research shows that these BTC were originally received on December 14, 2017, and transferred in Bitcoin block 958,217, at approximately 00:15 UTC. The institution estimates that the related holdings have appreciated by approximately $286 million compared to the average purchase price of around $17,000, representing a gain of 291%.
The funds were transferred to a previously unidentified wallet, not a known exchange deposit address. On-chain information does not indicate that the holder has sold the Bitcoin. This transfer also migrated the BTC from a traditional address starting with "1" to the newer bc1q address format.
Data from Galaxy Research shows that these BTC were originally received on December 14, 2017, and transferred in Bitcoin block 958,217, at approximately 00:15 UTC. The institution estimates that the related holdings have appreciated by approximately $286 million compared to the average purchase price of around $17,000, representing a gain of 291%.
The funds were transferred to a previously unidentified wallet, not a known exchange deposit address. On-chain information does not indicate that the holder has sold the Bitcoin. This transfer also migrated the BTC from a traditional address starting with "1" to the newer bc1q address format.
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