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Bitcoin Whale Awakens $383M After Eight Dark Years
A Bitcoin wallet dormant since December 2017 transferred 5,908 BTC worth roughly $383 million to a fresh address at 7:15 p.m. ET on July 15, according to blockchain intelligence platform Lookonchain. The coins moved from legacy address “138EM…ReyiT” to a newer SegWit wallet, extending a run of long-idle holdings coming back to life this week. Arkham data showed the wallet acquired the coins when Bitcoin traded near $16,800, giving the stack a cost basis close to $99.6 million. At current prices, the balance is worth about $383 million, a $283 million paper gain over roughly eight years. The stash peaked near ... (full story)
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