Dormant Bitcoin Holder Moves $4.77 Billion After 14 Years of Silence

Key Points

1. A long-dormant Bitcoin holder transferred 40,192 BTC (worth ~$4.77 billion) to a new wallet after 14 years of inactivity.

2. The original stash was purchased for under $250,000 in April 2011 when Bitcoin's price was $0.78 per coin.

3. On July 15, the holder sent 40,009 BTC (~$4.7 billion) to Galaxy Digital, which then transferred 6,000 BTC to Binance.

4. These transactions depleted the holder's original eight wallets, which had remained untouched for over 14 years.

5. The Bitcoin holdings were first flagged as some of the largest ever observed, with the original purchase price being extremely low compared to current valuations.