$1B in Bitcoin moves from Satoshi-era wallet after 14 years of inactivity
2025-07-04 08:04:43
Main Idea
A long-dormant 'Satoshi era' wallet moved over $1 billion in BTC, coinciding with Bitcoin nearing a new all-time high, while institutional interest in Bitcoin continues to grow.
Key Points
1. A wallet inactive for 14.3 years moved 10,000 BTC (worth ~$1.09 billion), originally acquired in 2011 at an average price of $0.78 per coin, yielding returns of over 140,000x.
2. Bitcoin is currently priced at $109,100, just 3% below its previous all-time high, with large wallet movements often preceding selling activity.
3. Whales holding over 1,000 BTC have reduced their balances recently, which may indicate a maturing market rather than weakness, according to Sentora analysts.
4. Long-term BTC holders (155+ days) have reached a record high of 14.7 million BTC, suggesting strong holding behavior despite market fluctuations.
5. Several companies, including Fragbite Group and Vanadi Coffee, have announced plans to expand Bitcoin treasuries, signaling growing institutional interest.
Description
More than $1 billion in BTC was moved from a long-dormant “Satoshi era” wallet, reactivated just as Bitcoin edges toward a new all-time high. According to blockchain analytics platform Spot On Chain, the wallet moved 10,000 BTC, valued at approximately $1.09 billion, to a new address after lying untouched for 14.3 years. On-chain records indicate that the BTC was originally acquired on April 3, 2011, for just $109,246, translating to an average acquisition price of $0.78 per coin. As such, the w...
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