Exciting news in the world of Bitcoin! The fifth-largest Bitcoin holder, who possesses a staggering 94,500 Bitcoins worth $6.6 billion, has reemerged after five years of dormancy. Recently, this wallet became active again, according to Arkham Intelligence.

Back in 2019, this wallet acquired a significant amount of Bitcoin, which has now ballooned in value to $6.6 billion. However, it remained untouched until recently when it saw some activity over the weekend. The Bitcoin holdings were split and moved to new wallets, leaving the original with only 1.4 Bitcoins. The majority, approximately $5 billion worth of Bitcoin, was spread across three wallets.

The owner divided the Bitcoin holdings into two parts, sending one part intact to a new wallet and distributing the other part across two additional wallets. This redistribution reshuffled the 94,500 Bitcoins, elevating the owner to one of the top Bitcoin holders globally.

Miguel Morel, CEO of Arkham, highlighted that unlike most large Bitcoin wallets associated with companies or exchanges, this particular wallet has remained relatively inactive and disconnected from any exchanges.

This movement is significant as it marks the first major activity from a single wallet in a while. Previous notable movements include an anonymous wallet sending 27 Bitcoins to Satoshi Nakamoto's address in January 2024 and three dormant wallets waking up in November 2023 to transfer around 7,000 Bitcoins to Bitfinex.

Despite the excitement, the Bitcoin price has remained relatively stable, hovering around $70,000.

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