$BTC

Big news: 5th largest Bitcoin holder wakes up after 5 years 🐳

Imagine someone owning a whopping 94,500 Bitcoins, making them the fifth largest Bitcoin holder in the world. Well, this big shot has come back to life after remaining silent for five years. According to Arkham Intelligence, this wallet, now worth a mind-boggling $6.6 billion, recently became active again.

In 2019, this wallet obtained a huge amount of Bitcoin, which today would be worth $6.6 billion. But until recently no one touched it. However, over the weekend things got interesting. The Bitcoin in this wallet was split and moved to new wallets. Now, the original wallet only has 1.4 Bitcoins, while the rest was spread across three wallets, one of which had $5 billion worth of Bitcoin.

The owner of the wallet divided the Bitcoin into two parts. They sent one part as it was to a new wallet and split the other part between two more wallets. This move reshuffled the 94,500 Bitcoins, making the owner one of the top Bitcoin holders in the world.

Miguel Morel, CEO of Arkham, noted that while most large Bitcoin wallets are tied to companies or exchanges, this one hasn't done much. It has been pretty quiet and has no connection to any exchanges.

This Bitcoin move is a big deal because it's the first time in a long time that a single wallet has done anything major. Before this, there were a few other movements, such as an anonymous wallet sending 27 Bitcoins to Satoshi Nakamoto's address in January 2024. Additionally, in November 2023, three other dormant wallets woke up and moved around 7,000 Bitcoins to Bitfinex