Crypto Currency

Bitcoin whale transfers $3.6 million to Kraken after 15 years of dormancy

Key Takeaways An early Bitcoin whale transferred $3.6 million to Kraken exchange. Another whale moved $16 million in BTC days earlier, raising questions about early Bitcoin wallets Share this article An older Bitcoin whale, holding BTC mined in the first few months after Bitcoin’s launch in 2009, has transferred $3.6 million worth of Bitcoin to

Key Takeaways

  • An early Bitcoin whale transferred $3.6 million to Kraken exchange.
  • Another whale moved $16 million in BTC days earlier, raising questions about early Bitcoin wallets

Share this article

An older Bitcoin whale, holding BTC mined in the first few months after Bitcoin’s launch in 2009, has transferred $3.6 million worth of Bitcoin to the Kraken exchange, according to blockchain analytics platform Arkham Intelligence. 

This recent movement of Bitcoin, mined just one month after Bitcoin’s mainnet went live, has sparked curiosity among market observers.

Arkham revealed that the whale, who holds over $72.5 million in Bitcoin, initiated the transfer yesterday. The transferred Bitcoin, mined in February or March 2009, now sits in Kraken’s wallet following a series of smaller transactions, including a five-bitcoin transfer on September 24. 

This comes just a few days after another early Bitcoin whale, who mined their Bitcoin around the same time, woke up after 15 years of dormancy to move $16 million worth of BTC, according to Arkham Intelligence. 

Share this article

?xml>
Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Currency

Riot Stock ($RIOT) Rockets 13% Following Major Data Center Lease with AMD

Bitcoin Magazine Riot Stock ($RIOT) Rockets 13% Following Major Data Center Lease with AMD Riot Platforms ($RIOT) surged 13% after buying 200 acres at its Rockdale, Texas site and signing its first major hyperscale data center lease with AMD This post Riot Stock ($RIOT) Rockets 13% Following Major Data Center Lease with AMD first appeared

Bitcoin Magazine

Riot Stock ($RIOT) Rockets 13% Following Major Data Center Lease with AMD
Riot Platforms ($RIOT) surged 13% after buying 200 acres at its Rockdale, Texas site and signing its first major hyperscale data center lease with AMD
This post Riot Stock ($RIOT) Rockets 13% Following Major Data Center Lease with AMD first appeared on Bitcoin Magazine and is written by Micah Zimmerman…
Read More

Continue Reading
Crypto Currency

Belarus Creates Legal Framework for Bitcoin and Crypto Banks in New Decree

Bitcoin Magazine Belarus Creates Legal Framework for Bitcoin and Crypto Banks in New Decree Belarus President Alexander Lukashenko has signed Decree No. 19, establishing a legal framework for bitcoin and crypto banks. This post Belarus Creates Legal Framework for Bitcoin and Crypto Banks in New Decree first appeared on Bitcoin Magazine and is written by

Bitcoin Magazine

Belarus Creates Legal Framework for Bitcoin and Crypto Banks in New Decree
Belarus President Alexander Lukashenko has signed Decree No. 19, establishing a legal framework for bitcoin and crypto banks.
This post Belarus Creates Legal Framework for Bitcoin and Crypto Banks in New Decree first appeared on Bitcoin Magazine and is written by Micah Zimmerman…
Read More

Continue Reading
Crypto Currency

Here Is Why 2026 Could Deliver the Biggest Altcoin Rally in Crypto History

TLDR OTHERS/BTC ratio at historic support signals a potential 702% altcoin surge in 2026.  Past cycles grew bigger: 2017: +423%, 2021: +503%, 2026 projected ~702%.  Bitcoin rallies, ETH consolidates, then altcoins explode, following classic rotation patterns.  Institutional bridges and new users provide unprecedented fuel for small-cap altcoins.  …

TLDR OTHERS/BTC ratio at historic support signals a potential 702% altcoin surge in 2026.  Past cycles grew bigger: 2017: +423%, 2021: +503%, 2026 projected ~702%.  Bitcoin rallies, ETH consolidates, then altcoins explode, following classic rotation patterns.  Institutional bridges and new users provide unprecedented fuel for small-cap altcoins.  …
Read More

Continue Reading
Crypto Currency

Jefferies Strategist Drops Bitcoin Over Quantum Computing Fears

TLDR: Jefferies strategist Christopher Wood removed a 10% Bitcoin allocation over quantum computing concerns  Wood replaced BTC exposure with physical gold and gold mining stocks in his model portfolio  Quantum risk is increasingly influencing long-term institutional asset allocation decisions  Bitcoin developers argue the network has decades to migrate to quantum-resistant cryptography   Bitcoin’s long-term investment

TLDR: Jefferies strategist Christopher Wood removed a 10% Bitcoin allocation over quantum computing concerns  Wood replaced BTC exposure with physical gold and gold mining stocks in his model portfolio  Quantum risk is increasingly influencing long-term institutional asset allocation decisions  Bitcoin developers argue the network has decades to migrate to quantum-resistant cryptography   Bitcoin’s long-term investment […]
The post Jefferies Strategist Drops Bitcoin Over Quantum Computing Fears appeared first on Blockonomi…
Read More

Continue Reading