Mysterious Bitcoin Whale Moves $8 Billion in Largest Transfer Old BTC in History

A Bitcoin wallet holding 80,000 BTC, worth $8.6 billion at the time, began moving its coins on Friday after 14 years of inactivity, according to data from Arkham Intelligence. The coins moved in batches of 10,000 BTC, and by 11 a.m. Eastern Time the full amount had been shifted to new addresses. CryptoQuant's head of research Julio Moreno called it the largest daily movement of coins aged 10 years or more in history, and Coinbase director Conor Grogan guessed the wallet likely belongs to an early "OG miner." The coins had originally been received in 2011 as mining rewards.