Bitcoin whale moved $43m in BTC for 1st time in 10 years

Main Points Related to Bitcoin, Web3, Ethereum, and Cryptocurrency:

  • A Bitcoin whale that has been dormant for over 10 years moved 687 BTC worth $43 million.
  • The whale received 687.33 Bitcoins on Jan. 12, 2014, valued at around $630,000 at the time when BTC’s price was $917.
  • In April, large investors purchased 19,760 BTC for a total of $1.2 billion at an average purchase price of $62,500.
  • Bitcoin whales accumulated an additional 266,000 BTC since the start of 2024 worth $17.3 billion.
  • Asset owners with balances between 1,000 BTC and 10,000 BTC received 1.24% of the total supply of 21 million BTC during the mentioned period.

Bitcoin Whale’s Historic Move

A Bitcoin whale that had remained inactive for over a decade recently transferred 687 BTC amounting to $43 million. This transfer took place on January 12, 2014, when BTC’s price was $917. The value of Bitcoin has since surged almost 70 times, leading to the user selling it for over $42.7 million.

Large Investors’ Purchase of Bitcoin

In April, significant investors acquired 19,760 BTC for $1.2 billion at an average price of $62,500. This demonstrates a strong interest in Bitcoin among institutional players, potentially signaling a positive trend for the cryptocurrency market.

Bitcoin Whales Accumulating More BTC

Santiment reported that Bitcoin whales have amassed an additional 266,000 BTC worth $17.3 billion since the beginning of 2024. This significant accumulation indicates confidence in Bitcoin as a valuable asset and could influence its future price movements.

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