Legendary Bitcoin Whale Just Cashed Out Big Time

Key Points

1. The whale originally bought 5,000 BTC for $1.66 million in 2012, now worth approximately $578 million at a price near $118,248 per BTC.

2. 250 BTC, valued at $29.68 million, was recently deposited to Binance, marking the first sale in two months.

3. The initial investment has yielded a 34,900% return, making it one of the most profitable in crypto history.

4. The 5,000 BTC was consolidated into a single address four years ago and remained inactive until recent sales.

5. The latest transfer occurred as Bitcoin traded near its all-time high, with the market cooling off after a mid-July surge.