Bitcoin Whale Awakens After 14 Years and Moves $3.14M in BTC to Exchange

A long-dormant Bitcoin whale has suddenly resurfaced after more than 14 years, moving 40 BTC worth approximately $3.14 million in a transaction that has drawn attention across the crypto market.

The Bitcoin was originally received on May 28, 2012, when the cryptocurrency was still in its early stages and trading at only a few dollars per coin. The wallet then remained inactive for roughly 14.2 years before the coins were moved.

According to blockchain data from Galaxy Research, the recipient of the transfer was Boerse Stuttgart Digital, a German crypto custody services provider. However, the wallet owner’s identity has not been established, leaving the reason for the transfer unclear.

The holding’s value has changed dramatically since the coins first entered the wallet. At roughly $5 per BTC in 2012, the 40 BTC would have been worth only about $200. At the time of the recent transfer, however, the same stash was valued at approximately $3.14 million.

Additionally, the transfer represents an extraordinary increase in value over the holding period. Galaxy Research estimated the realized profit at around $3.16 million, equivalent to a gain of roughly 1.54 million percent.