A Bitcoin wallet that held 4,582 BTC through every major crash of the past six years moved its entire balance on Monday.
The coins, worth about $377 million, were sent in one transaction to five new addresses, four receiving 1,000 BTC each and one receiving 581.94 BTC. The transaction confirmed in block 971,126 at around 18:37 UTC, for a fee of about $0.60. None of the five addresses had spent anything as of Tuesday, and none has been linked to an exchange.
Who controls the wallet is not known.
Six years of holding
The wallet received the coins on 3 March 2020, when Bitcoin traded around $8,830, making the stake worth about $40.5 million. At Monday’s price of about $82,350, it is worth more than nine times that.
The ride in between was rough. The holding fell to about $17.6 million during the Covid crash, rose to around $291 million at the April 2021 peak, then dropped to $131 million by June that year. The 2022 collapses took it down to about $71 million. More recently, it fell from $571.5 million to about $265 million during the tariff shock. The owner sold none of it.
Careful, too
The wallet has also avoided a common trap. Since 2020, it has received 22 tiny “dust” deposits. One, in January 2025, came from an address designed to look almost identical to a real one, the pattern of an address-poisoning scam. The owner never sent anything to it.
Not a sale, yet
Moving coins is not the same as selling them. Splitting a large holding into round 1,000 BTC lots can come before a sale, but it can also be a custody or security change. So far, the five new addresses have stayed still.
It follows another old-wallet move last week, when 100 BTC mined in 2010 moved for the first time in 16 years, also to fresh addresses.
