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Your email address will not be published.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

Strategy Wants 1,000,000 Bitcoin Treasury And This Is How They Plan To Get To That Number

Strategy’s Bitcoin playbook is no longer just about buying dips. The company has turned its balance sheet into a capital machine built around one main objective of increasing the amount of Bitcoin it controls without weakening the amount of Bitcoin attached to each share.  Recent filings by the company now show that it is planning

Strategy’s Bitcoin playbook is no longer just about buying dips. The company has turned its balance sheet into a capital machine built around one main objective of increasing the amount of Bitcoin it controls without weakening the amount of Bitcoin attached to each share.  Recent filings by the company now show that it is planning to repurchase $1.5 billion principal amount of 2029 convertible notes…
Read More

Continue Reading
Crypto Currency

TD Cowen Raises Strategy (MSTR) Price Target to $400 on Bitcoin Accumulation and Balance Sheet Shift

Bitcoin Magazine TD Cowen Raises Strategy (MSTR) Price Target to $400 on Bitcoin Accumulation and Balance Sheet Shift TD Cowen has raised its price target on Strategy (MSTR) to $400, pointing to its strong bitcoin accumulation and shift in financing strategy. This post TD Cowen Raises Strategy (MSTR) Price Target to $400 on Bitcoin Accumulation

Bitcoin Magazine

TD Cowen Raises Strategy (MSTR) Price Target to $400 on Bitcoin Accumulation and Balance Sheet Shift
TD Cowen has raised its price target on Strategy (MSTR) to $400, pointing to its strong bitcoin accumulation and shift in financing strategy.
This post TD Cowen Raises Strategy (MSTR) Price Target to $400 on Bitcoin Accumulation and Balance Sheet Shift first appeared on Bitcoin Magazine and is written by Micah Zimmerman…
Read More

Continue Reading
Crypto Currency

Bitcoin price risks slide toward $70,000 as $76,000 support weakens

The Bitcoin price dropping below $78,000 has shifted market attention to whether buyers can defend the $76,000 area or whether the pullback opens the way for a deeper move toward $70,000. Crypto market maker Wintermute said the latest decline followed another rejection near $82,000, where Bitcoin has struggled to reclaim its 200-day moving average…

The Bitcoin price dropping below $78,000 has shifted market attention to whether buyers can defend the $76,000 area or whether the pullback opens the way for a deeper move toward $70,000. Crypto market maker Wintermute said the latest decline followed another rejection near $82,000, where Bitcoin has struggled to reclaim its 200-day moving average…
Read More

Continue Reading
Crypto Currency

Bitcoin-Backed Loans Could Hit $1 Trillion, Ledn Says — But Most Crypto Holders Still Haven’t Borrowed

Bitcoin Magazine Bitcoin-Backed Loans Could Hit $1 Trillion, Ledn Says — But Most Crypto Holders Still Haven’t Borrowed Ledn says Bitcoin-backed lending could grow from a $3 billion niche to a $1 trillion market as demand outpaces trust in lending platforms. This post Bitcoin-Backed Loans Could Hit $1 Trillion…

Bitcoin Magazine

Bitcoin-Backed Loans Could Hit $1 Trillion, Ledn Says — But Most Crypto Holders Still Haven’t Borrowed
Ledn says Bitcoin-backed lending could grow from a $3 billion niche to a $1 trillion market as demand outpaces trust in lending platforms.
This post Bitcoin-Backed Loans Could Hit $1 Trillion…
Read More

Continue Reading