LIVE😱🦈🦈 A big investor who bought Bitcoin for less than $30 and held onto it for 10 years finally moved their wallet after a decade.
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The wallet had 1701 Bitcoins, now worth $118 million, and had been untouched for a decade until recently.
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According to data from Lookonchain, $18 million worth of Bitcoin was moved from the wallet in 246 transactions. The average price at which the investor bought Bitcoin was $29.
The last time any Bitcoin was added to the wallet was in 2013, when it was worth around $125 per Bitcoin. The investor bought 4272 Bitcoins at an average price of $29.3 back then. Now, with Bitcoin trading above $70,000, the investor has seen a whopping profit of around 240,000%.
While many old wallets have been active lately, most of the transferred funds are going to new wallets instead of exchanges, indicating that investors are prioritizing security over selling. Another report from Lookonchain reveals that a large investor has been accumulating Bitcoin since March 6, buying about $90 million worth of Bitcoin at an average price of $68,000.
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