A large Bitcoin investor has been spotted moving a quarter of a billion dollars worth of BTC after lying low for over eight years.

Data from blockchain analytics firm Arkham traces the BTC to Coinbase, the largest US crypto exchange, where the deep-pocketed investor bought the BTC before holding on to the stash for nearly a decade.

“$250 million BITCOIN WHALE WAKES UP AFTER eight YEARS

A Bitcoin Whale that has held BTC since late 2016 has just moved over $250 million in BTC…

His Bitcoin stack went from $3 million in early 2017 to over $250 million today – and he’s held Bitcoin on one address for over eight years.”

If the whale were to sell their coins, it would mark about 8,233% returns in just over eight years.

In December, another ancient Bitcoin wallet suddenly sprung to life and moved more than $257 million worth of BTC after 11 years of slumber.

The crypto tracker Lookonchain first spotted the unknown address, which moved 2,700 BTC to another wallet in early December.

The long-dormant wallet received the trove of BTC in December 2013, when the top crypto asset only cost $625.84. BTC was priced at $95,361 at the time of the transfer, meaning the USD value of the wallet’s holdings skyrocketed by a staggering 15,137% in 11 years.

At time of writing, Bitcoin is trading at $87,003, up over 3% on the day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Bitcoin Whale Dormant Since 2016 Moves $250,000,000 Worth of BTC After 83x Gains: Arkham appeared first on The Daily Hodl.

A large Bitcoin investor has been spotted moving a quarter of a billion dollars worth of BTC after lying low for over eight years.

Data from blockchain analytics firm Arkham traces the BTC to Coinbase, the largest US crypto exchange, where the deep-pocketed investor bought the BTC before holding on to the stash for nearly a decade.

“$250 million BITCOIN WHALE WAKES UP AFTER eight YEARS

A Bitcoin Whale that has held BTC since late 2016 has just moved over $250 million in BTC…

His Bitcoin stack went from $3 million in early 2017 to over $250 million today – and he’s held Bitcoin on one address for over eight years.”

If the whale were to sell their coins, it would mark about 8,233% returns in just over eight years.

In December, another ancient Bitcoin wallet suddenly sprung to life and moved more than $257 million worth of BTC after 11 years of slumber.

The crypto tracker Lookonchain first spotted the unknown address, which moved 2,700 BTC to another wallet in early December.

The long-dormant wallet received the trove of BTC in December 2013, when the top crypto asset only cost $625.84. BTC was priced at $95,361 at the time of the transfer, meaning the USD value of the wallet’s holdings skyrocketed by a staggering 15,137% in 11 years.

At time of writing, Bitcoin is trading at $87,003, up over 3% on the day.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Bitcoin Whale Dormant Since 2016 Moves $250,000,000 Worth of BTC After 83x Gains: Arkham appeared first on The Daily Hodl.