Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
An unidentified Bitcoin address just moved $6 billion in BTC to three new addresses

An unidentified Bitcoin address just moved $6 billion in BTC to three new addresses

The BlockThe Block2024/03/26 11:35
By:The Block

A Bitcoin address that has been dormant since 2019 moved $6 billion of bitcoin over the weekend. It’s unclear who owns the address and it doesn’t appear to be affiliated with an exchange.

An unidentified Bitcoin address just moved $6 billion in BTC to three new addresses image 0The fifth richest Bitcoin address moved $6 billion of bitcoin to three new addresses over the weekend.

The address was funded with 94,500 bitcoin ($6.05 billion) in 2019, according to data from blockchain analytics firm Arkham. This bitcoin sat unmoved until the weekend when it was split up and sent to the new addresses. This left just 1.4 bitcoin ($99,000) in the wallet.

The funds were initially split into two amounts in two different wallets. Then, one amount was moved to a new wallet, and the other amount was split again and moved into two more wallets. As a result, the funds are now in three wallets, with one containing $5 billion of bitcoin and the rest roughly divided between the other two.

Most large Bitcoin addresses are associated with exchanges. However, this wallet has very few interactions and no signs that it is linked to an exchange.

"That’s a long time to not reconfigure/move around your customer’s cold storage… most of the time there's some indication of exchange-related activity," said Arkham CEO Miguel Morel.

This is the first notable Bitcoin wallet movement in a while. In January, someone sent 26.9 bitcoin (worth $1.2 million at the time) seemingly from Binance to the Bitcoin network’s Genesis wallet — which they won't be able to get back. Before that, three bitcoin whale addresses, dormant since November 2017, transferred 6,500 bitcoins ($230 million at the time) to new addresses in November 2023.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

SEI Price Chart Shows Growth, Tron Pushes Network Upgrades, but BlockDAG’s $410M Presale Ranks as the Best Crypto Right Now

Explore SEI price growth, review Tron (TRX) trends, and discover how BlockDAG’s $410M presale momentum secures its place as the best crypto right now.BlockDAG: A Mining-First Path to GrowthSEI Price Chart Reflects Weekly GrowthTron Market Review Shows Steady ProgressSumming Up

Coinomedia2025/09/21 00:06
SEI Price Chart Shows Growth, Tron Pushes Network Upgrades, but BlockDAG’s $410M Presale Ranks as the Best Crypto Right Now