Bitcoin
Dormant Bitcoin wallet transfers 4,582 BTC accumulated in 2020
An inactive cryptocurrency address moved its entire balance of nearly 4,582 Bitcoin, valued at approximately $377 million, into five new wallets.
On October 12, a Bitcoin wallet transferred its entire balance of 4,581.94 BTC to five separate destinations in a single transaction. Blockchain records show the transfer settled in block 971,126 while Bitcoin traded near $82,350, incurring a transaction fee of 732 satoshis, or roughly 60 cents. Four recipient wallets received 1,000 BTC each, while the fifth received 581.94 BTC.
The holdings originated on March 3, 2020, when the wallet acquired the tokens at approximately $8,830 per coin for a total value of about $40.5 million. Since that initial deposit, the wallet's valuation has expanded nearly tenfold, enduring multiple major market drawdowns.
Over the six-and-a-half-year holding period, the position weathered the early 2020 market downturn, regulatory and corporate shocks in 2021, the collapses of Terra and FTX in 2022, and subsequent market corrections. As of block 971,279 on October 13, none of the newly funded addresses had moved any funds, and the owner's identity remains unidentified.
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