Satoshi-Era Bitcoin Whale Moves $85M After 13 Years of Dormancy
A Bitcoin wallet from the Satoshi era has transferred its entire balance of 909.38 BTC, worth approximately $85 million, for the first time in 13 years, indicating a potential security measure rather than a sale. This transfer occurs amid a trend of dormant wallets moving over $50 billion in BTC, with institutional inflows into Bitcoin products surpassing $1.5 billion. The wallet owner initially invested $6,400 in 2013, when Bitcoin was under $7.
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A Bitcoin wallet created during the Satoshi era moved its entire balance of 909.38 BTC, valued at approximately $85 million, for the first time in 13 years. The transfer was not to an exchange, suggesting a security measure rather than a sale.
Despite concerns, institutional inflows into Bitcoin products exceed $1.5 billion. Over the past year, dormant wallets have transferred over $50 billion in BTC, with some linked to security updates amid rising quantum computing threats. The wallet owner originally invested $6,400 in 2013, when Bitcoin was under $7.
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