A long-dormant Bitcoin whale from the early Satoshi era, previously known to control more than 80,000 BTC, has now transferred the second half of its massive holdings to a new address — just days after sending billions to Galaxy Digital.
According to blockchain monitoring platform Lookonchain, the whale shifted 40,192 BTC — currently valued at around $4.77 billion — to a new wallet on Thursday. They also suggested the large holder “may be preparing to sell further.”
Earlier this week, blockchain data provider Nansen revealed that the same wallet moved 40,009 BTC in several transactions to Galaxy Digital. Of that, 6,000 BTC were reportedly funneled directly to crypto exchanges Binance and Bybit.
Bitcoin recently broke past $122,000 to hit a new record high on Monday. CryptoQuant analyst Crazzyblockk pointed out that the price drop that followed could have been triggered by whales locking in profits.
A Satoshi-Era Wallet Comes Alive After 14 Years
The first signs of movement were picked up by Lookonchain on July 4, marking the first activity from the whale in over 14 years. The whale controlled eight wallets, with the first two receiving 20,000 BTC on April 2, 2011 — when Bitcoin was trading at just $0.78. That period closely aligns with the final known message from Bitcoin’s creator, Satoshi Nakamoto.
The remaining six wallets have held 60,009 BTC since May 4, 2011, when Bitcoin was worth $3.37 per coin.
Smaller Whale Wakes Up Too
This week also saw another dormant wallet spring to life. A smaller holder transferred 1,042 BTC — worth roughly $123 million — to a new wallet, where the funds currently remain. The wallet had received the BTC about six years ago from Braiins Mining and Xapo Bank, when Bitcoin was priced at $8,746, making the initial value of the stash just over $9.1 million.
Some Giants Still Holding Tight
While some early whales are now on the move, others have stayed completely still. The largest known Bitcoin holder remains Satoshi Nakamoto, believed to control approximately 1.096 million BTC spread across thousands of untouched wallets.
Other major holders include the Winklevoss twins, who are estimated to own around 70,000 BTC, and venture capitalist Tim Draper, who acquired roughly 30,000 BTC during a U.S. Marshals auction in 2014.
MicroStrategy co-founder Michael Saylor also has a personal Bitcoin reserve of about 17,732 BTC.
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