Bitcoin Wallet Moves 4,500 BTC Worth About $381.38 Million
The wallet had been inactive for more than four years. The coins moved between unidentified wallets, with no confirmed exchange deposit or sale.
A Bitcoin (BTC) wallet that had been inactive for more than four years transferred 4,500 BTC worth about $381.38 million, drawing attention to a large holder’s renewed activity.
The transaction was recorded at about 10:30 p.m. ET (2:30 a.m. UTC on Sept. 25), when the coins moved between unidentified wallets. The receiving address was not identified as belonging to a cryptocurrency exchange.
The transfer does not establish that the holder sold the Bitcoin. It may represent a change in custody or a move to new private keys, while an off-exchange transaction is another possibility. The wallet owner’s identity and the purpose of the transfer remain unknown.
The transaction’s reported dollar value varied with the Bitcoin price, ranging from about $378.9 million to $381.38 million in the available data.
