News - Old Bitcoin whales active again after years of absence

By Mike Hesp

Old Bitcoin whales active again after years of absence

Bitcoin (BTC)
Wallets and Whales

Three Bitcoin whales hid for six years, now they have moved BTC worth $230 million.

Three whales recently moved 6,500 BTC worth US$230 million, according to on-chain data. Who is behind it, however, remains unclear at this time. The question of whether the three wallets belong to an individual or a company also remains open.

According to the report, the three addresses moved 2,550, 2,000 and 1,950 BTC, respectively. The last transaction in each wallet was six years ago - the addresses were last active on Nov. 5, 2017.

If the BTC had been purchased at that time and sold at this time, there would be a profit of about $173 million.

But the long inactivity of the three crypto wallets is not the only explosive detail of the transactions, as shifted Bitcoin is considerably older.

As stated on BitInfoCharts, the siphoned BTC date back to 2011 and are likely connected to early cryptominers of the F2Pool bitcoin mining pool.

If the three wallets have now held their Bitcoin for 12 years, this would result in a profit of a proud $225 million.

The cryptomarket in general, and Bitcoin in particular, is currently experiencing high whale activity. Whales have recently deposited 30,000 BTC.

MicroStrategy, founded by "Gigachad" Michael Saylor and long seen as a pioneer in Bitcoin adoption, also recently proved in its new quarterly results that the tech company stands behind its crypto promise - and increased its BTC holdings to 158,400 Bitcoin.

Also interesting: A few days ago, a Whale appeared again for the first time since Memecoin was founded in 2013.

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