Bitcoin Whale That Sat Through Every Crash Since 2020 Just Moved $377M

In brief

• A wallet holding 4,581.94 BTC sent its full balance, worth about $377 million, to five new addresses on Oct. 12 in a single transaction that paid a fee of 732 sats.
• The coins arrived in March 2020, when they were worth roughly $40.5 million.
• The address received 22 dust deposits since 2020, including 600 sats on Jan. 28, 2025 from a look-alike address matching its first three and last four characters.

A Bitcoin wallet that has held 4,581.94 BTC since March 2020 sent its entire balance to five new addresses on Oct. 12, moving about $377 million in a single transaction, according to blockchain data. The transfer confirmed in block 971,126 at about 18:37 UTC, with Bitcoin trading around $82,350.

Four of the receiving addresses got exactly 1,000 BTC each, and the fifth received 581.94 BTC. The transaction paid a fee of 732 satoshis, the hundred-millionth-of-a-bitcoin units known as sats, or about 60 cents. As of block 971,279 on Oct. 13, none of the five addresses has spent anything, and it is unclear who controls the wallet or where the coins are going.

The wallet received its coins on March 3, 2020, in a transaction that split a 5,081.95 BTC balance three ways, with 250 BTC going to each of two other addresses. At roughly $8,830 per Bitcoin, the 4,581.95 BTC that landed in the wallet was worth about $40.5 million. The value of the Bitcoin has nearly increased by 10X since then.