Bitcoin whale from the era of "Satoshi" makes profits of more than one million percent: Details

Every now and then, an old Bitcoin wallet emerges to show how early investors benefited greatly from the rise in the price of Bitcoin, especially those who have remained attached to the currency until now.

Recently, a Bitcoin whale that had been dormant since 2012 appeared and moved, achieving an astonishing profit of 1,712,099%.

The whale, who owns 400 Bitcoins that he initially bought for $2,091, now has a holding worth $35.8 million at today's prices.

According to the analysis of "Spot On Chain", this entity, along with two other old wallets, deposited 200 Bitcoins (worth $17.9 million) on the digital currency exchange Bitstamp, and transferred 351 Bitcoins (worth $31.5 million) to a new wallet

The emergence of early Bitcoin holders from the era of "Satoshi Nakamoto" raises curiosity in the cryptocurrency community.

Such large moves are often interpreted as a prelude to selling cryptocurrencies and taking profits.

However, this activity did not negatively impact the price of Bitcoin, which continued to rise as the market absorbed the new supply.

While some of the coins were transferred to the Bitstamp exchange, most ended up in other wallets, indicating a more sophisticated strategy by these older investors.