A Bitcoin whale, who holds 1,215 BTC worth approximately $77 million, has moved a portion of his holdings to the cryptocurrency exchange Kraken.
The whale‘s Bitcoin, mined in February and March of 2009, within the first two months of Bitcoin’s existence, has largely remained dormant for nearly a decade.
On Wednesday, 5 BTC from this ancient stash were sent to Kraken, signaling a rare movement from one of the earliest Bitcoin addresses.
The whale’s Bitcoin was previously mined shortly after Bitcoin’s launch, and after a few movements between 2011 and 2014, it remained untouched for about ten years. During this time, its value grew from $474,000 to over $80 million.
This activity marks the second recent movement by a dormant Bitcoin whale.
Just a few days ago, another early Bitcoin miner transferred $16 million in BTC after 15 years of dormancy, stirring speculation across the cryptocurrency community.
These movements from early Bitcoin wallets have raised questions about why these early adopters are suddenly becoming active again, after years of silence. Some speculate it could be for liquidity or personal reasons, while others consider it part of a broader trend of early Bitcoin holders capitalizing on current market conditions.
Additionally, a set of five other Bitcoin addresses, mined in January 2009, also moved 250 BTC worth $15.95 million. Each of these addresses had received 50 BTC for mining early Bitcoin blocks, which have remained untouched for nearly 16 years.
