Exciting Update: Fifth Largest Bitcoin Holder Resurfaces After 5 Years đł
Picture an individual in possession of a staggering 94,500 Bitcoins, ranking them as the fifth-largest Bitcoin holder globally. This prominent figure has recently reemerged after a prolonged period of silence. As reported by Arkham Intelligence, the wallet associated with this substantial Bitcoin holding, now valued at an astonishing $6.6 billion, has shown renewed activity.
Back in 2019, this wallet acquired a significant amount of Bitcoin, which has now appreciated to $6.6 billion. However, it remained dormant until a recent turn of events. Over the weekend, a noteworthy development occurred as the Bitcoin within this wallet was divided and transferred to new wallets. Presently, the original wallet holds only 1.4 Bitcoins, while the remaining balance has been distributed across three wallets, with one of them containing $5 billion worth of Bitcoin.
The owner of the wallet opted to split the Bitcoin into two portions, sending one part intact to a new wallet and dividing the other part between two additional wallets. This strategic maneuver reshuffled the 94,500 Bitcoins, solidifying the owner's position among the top Bitcoin holders globally.
Miguel Morel, CEO of Arkham, highlighted that while most significant Bitcoin wallets are associated with companies or exchanges, this particular wallet has maintained a low profile without any notable interactions with exchanges.
This recent Bitcoin movement holds significance as it marks a substantial action by a single wallet after a considerable period of dormancy. Prior to this event, there were other notable movements, such as an anonymous wallet transferring 27 Bitcoins to Satoshi Nakamoto's address in January 2024.
Additionally, in November 2023, three dormant wallets reactivated, moving approximately 7,000 Bitcoins to Bitfinex.
Despite the flurry of activity, the Bitcoin price has remained relatively stable, hovering around $70,000.
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