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Crypto
Dormant bitcoin whale moves after 12 years, returns near 8,000 percent
Four bitcoin wallets that had been inactive for more than 12 years have been activated over the past two days, moving a total of 114.39 BTC. The coins came from wallets created in early 2014, with reported returns of 7,746 percent at the time of transfer. Similar moves were recorded earlier this month, including a transfer from a 2011 wallet. Some observers say the amounts are too small to shock the market, while others view the activity as a warning signal.
Crypto
Dormant bitcoin whale moves 26.96 BTC after 12 years, unrealised gain 7,975 percent
A long-dormant holding of 26.96 bitcoin moved to a new personal wallet after more than 12 years, attracting attention amid growing security concerns. The transfer, worth about $1.76 million, was moved from a legacy address to a nested SegWit address, with no further transactions recorded. The coins are estimated to have been bought in January 2014 near $803 each, implying an unrealised gain of about $1.73 million, or about 7,975 percent.
Crypto
Bhutan transfers another 90 bitcoin, raising questions over sovereign bitcoin unwinding
Bhutan transferred 90 bitcoin to a new SegWit address, taking the value of bitcoin moved externally this year to more than $237 million. On-chain data showed the transfer went to a different address than the main wallets used for sovereign holdings, prompting market speculation about a sale or third-party transfer. Arkham data showed holdings at Druk Holdings have declined by about 10,000 bitcoin from an October 2024 peak.