Bitcoin · Tesla · China · Decrypt
Bitcoin Whale That Sat Through Every Crash Since 2020 Just Moved $377 million
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
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A Bitcoin wallet that has held 4,581.94 BTC since March 2020 sent its entire balance to five new addresses on Oct. 12, moving about $377 million in a single transaction, according to blockchain data.
Key facts
- At roughly $8,830 per Bitcoin, the 4,581.95 BTC that landed in the wallet was worth about $40.5 million
- Bitcoin has since fallen 54% from a record $124,728 to $57,735 before recovering to its current price
- As of Oct. 13, the original address holds 23,288 sats in leftover dust, about $19, while the five receiving addresses hold the full 4,581.94 BTC
- Tesla’s suspension of Bitcoin payments and China’s mining crackdown followed in May 2021, tanking the wallet from about $291 million at its April peak to $131 million by June
Summary
A wallet holding 4,581.94 BTC sent its full balance, worth about $377 million, to five new addresses on Oct. 12 in a single transaction that paid a fee of 732 sats. The coins arrived in March 2020, when they were worth roughly $40.5 million. The address received 22 dust deposits since 2020, including 600 sats on Jan. 28, 2025 from a look-alike address matching its first three and last four characters. Four of the receiving addresses got exactly 1,000 BTC each, and the fifth received 581.94 BTC.