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News - Bitcoin whale resurfaces after 12 years and cashes millions
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19-11-20242 min read
Bitcoin whale resurfaces after 12 years and cashes millions
A Bitcoin whale is proving that *HODL* is the best strategy. This early investor, with a wallet from the days of Bitcoin founder Satoshi, has now collected millions.
According to blockchain tracker SpotOnChain, Whale owns at least 400 BTC, currently worth more than $36 million (€34 million). When he bought the coins in 2012, he paid just $2,091 (€1,976) - a return of a whopping 1.7 million percent!
A wallet holding 400 $BTC (then: $2,091, now: $35.8M) woke up after 12 years of dormancy 5 hours ago!
— Spot On Chain (@spotonchain) November 18, 2024
Along with two other wallets, it deposited 200 $BTC ($17.9M) to #Bitstamp and transferred 351 $BTC ($31.5M) to a new wallet.
Notably, these wallets have moved a combined 600… pic.twitter.com/kYJqtKCYqD
The movement of Bitcoins from old wallets always causes a stir in the crypto community. Some wallets are even associated with Satoshi himself. The anonymous whale, along with two other wallets, moved 200 BTC worth $17.9 million (€16.9 million) to the crypto-exchange Bitstamp, indicating that he wants to partially cash out his huge profits.
A few days ago, another Bitcoin whale cashed in his million-dollar profit after waiting 14 years. The recent rally in the BTC price seems to be encouraging some early investors to take some of their winnings.
In recent years, several Satoshi-era wallets have woken up. Often, however, the bitcoins were only moved to a new address.
