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A dormant Bitcoin wallet holding over 300 BTC since 2013 was recently emptied as Bitcoin’s price dipped to a three-week low. The wallet, initially funded when Bitcoin traded around $75, now holds a staggering $34.8 million. This move highlights the ongoing trend of long-term holders cashing in amid Bitcoin’s recent rally.
- A 10-year-old Bitcoin wallet holding 306 BTC (worth $34.8 million) was emptied amid a price dip, showcasing massive gains from its initial $75 investment.
- Recent Bitcoin rallies have triggered large movements from long-term holders, including a $4.7 billion transfer to Galaxy Digital earlier in June.
- Early Bitcoin addresses, including those potentially owned by Satoshi Nakamoto, face future risks from quantum computing due to weaker encryption standards.
📎 Related coverage from: decrypt.co
Related Tags: Bitcoin
Other Tags: CoinMarketCap, CryptoQuant, Satoshi Nakamoto, Galaxy Digital, Arkham Intelligence, Blockchain, Silk Road