{"id":811021,"date":"2024-12-08T10:49:53","date_gmt":"2024-12-08T16:49:53","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/08\/early-bitcoin-whale-moves-3-58m-to-kraken-wallet-active-after-decade-of-dormancy\/"},"modified":"2024-12-08T10:49:53","modified_gmt":"2024-12-08T16:49:53","slug":"early-bitcoin-whale-moves-3-58m-to-kraken-wallet-active-after-decade-of-dormancy","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/08\/early-bitcoin-whale-moves-3-58m-to-kraken-wallet-active-after-decade-of-dormancy\/","title":{"rendered":"Early Bitcoin Whale Moves $3.58M to Kraken; Wallet Active After Decade of Dormancy"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div>\n<div id=\"blockquote-block_816232ce96fcaf8ff055a9bd93d0114c\">\n<ul>\n<li>Arkham discovered a wallet, untouched for 15 years, with Bitcoin valued at US$72.5M.<\/li>\n<li>This wallet, dating back to a month after Bitcoin\u2019s inception, just moved US$3.58M to Kraken.<\/li>\n<li>The wallet\u2019s value grew from US$474K to over US$80M across ten years of market growth.<\/li>\n<li>Speculation about the wallet\u2019s owner intensifies as an HBO documentary on Bitcoin\u2019s creator nears.<\/li>\n<\/ul>\n<\/div>\n<p>Ancient wallets often draw the attention of investors, and Arkham has found a wallet that couldn\u2019t be more ancient. According to the data analysts, there\u2019s a wallet holding US$72.5 million (AU$106.5 million) in Bitcoin for 15 years. You heard that right, these Bitcoins have been mined only a month after BTC\u2019s launch.<\/p>\n<p>The wallet just sent US$3.58 million (AU$5.26 million) BTC to exchange<a href=\"https:\/\/cryptonews.com.au\/category\/kraken\/\"> Kraken<\/a>.<\/p>\n<figure>\n<div>\n<blockquote data-width=\"500\" data-dnt=\"true\">\n<div lang=\"en\" dir=\"ltr\">\n<p>UPDATE: ANCIENT BITCOIN WHALE MOVED $3.58M BTC TO EXCHANGES<\/p>\n<p>A Bitcoin whale holding over $72.5M Bitcoin from 2009 has sent a total of $3.58M BTC to Kraken with their most recent movements yesterday.<\/p>\n<p>This Bitcoin was mined ONE MONTH after Bitcoin\u2019s launch in Feb\/March 2009. <a href=\"https:\/\/t.co\/s7ySYE03wU\">https:\/\/t.co\/s7ySYE03wU<\/a> <a href=\"https:\/\/t.co\/r8YM6YkmIf\">pic.twitter.com\/r8YM6YkmIf<\/a><\/p>\n<\/div>\n<p>\u2014 Arkham (@ArkhamIntel) <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1842279122158178610?ref_src=twsrc%5Etfw\">October 4, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>After several transactions between 2011 and 2014, the Bitcoin holdings were left untouched, entering a period of dormancy that lasted nearly ten years.<\/p>\n<p>During this time, the value of the holdings dramatically increased, escalating from US$474,000 (AU$696,740) to over US$80 million (AU$117.6 million), taking advantage of the substantial growth in Bitcoin\u2019s market value over the decade.<\/p>\n<p><strong>Related:<\/strong><a href=\"https:\/\/cryptonews.com.au\/news\/arthur-hayes-sells-off-memecoins-with-40k-loss-after-calling-for-memecoin-breakout-123742\/\"><strong> <\/strong><strong>Arthur Hayes Sells Off Memecoins with $40K Loss After Calling for Memecoin Breakout\u00a0<\/strong><\/a><\/p>\n<h2 id=\"h-who-is-the-mysterious-holder-links-to-hbo-docu\">Who is The Mysterious Holder? Links to HBO Docu?<\/h2>\n<p>Naturally, people are speculating who the Bitcoin belongs to. And some question the timing of the transfer,<a href=\"https:\/\/cryptonews.com.au\/news\/documentary-claims-to-know-identity-of-bitcoin-creator-satoshi-nakamoto-igniting-debate-123735\/\"> which coincides with an HBO documentary on the topic<\/a>. The documentary, set to reveal who Satoshi Nakamoto is, is scheduled to air on 8 October.<\/p>\n<p>While bettors on Polymarket favour Len Sassaman, a deceased American computer scientist to be Nakamoto, some believe it\u2019s Hal Finney. Finney, also a computer scientist and software developer from the US, who has also passed away, ranks as number two on Polymarket.<\/p>\n<p>He was an early contributor to Bitcoin and was the first person to reportedly receive BTC from Nakamoto. Some believe the ancient whale wallet is Finney\u2019s, although there\u2019s no proof of that.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"586\" height=\"182\" alt data-eio=\"l\" data-old-src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAkoAAAC2AQAAAAAOl59\/AAAAAnRSTlMAAHaTzTgAAAAjSURBVGje7cEBAQAAAIIg\/69uSEABAAAAAAAAAAAAAAAAvBg1UgAB1TNJtQAAAABJRU5ErkJggg==\" src=\"https:\/\/cdn.cryptonews.com.au\/2024\/10\/07140926\/sat.png\"><figcaption>Source: X<\/figcaption><\/figure>\n<h2 id=\"h-bitcoin-has-come-a-long-way-since-early-days\">Bitcoin Has Come a Long Way Since Early Days<\/h2>\n<p>The founding days of<a href=\"https:\/\/cryptonews.com.au\/category\/bitcoin\/\"> Bitcoin<\/a> and even 2011\/2014 starkly contrast with 2024. With very little mainstream attention then, the most you could see in public life about BTC was the odd Bitcoin ATM. Nowadays asset managers like BlackRock and Co are publicly advertising their spot BTC exchange-traded funds (ETF) and go an TV and podcasts to speak about the digital asset sector.<\/p>\n<p><strong>Related:<\/strong><a href=\"https:\/\/cryptonews.com.au\/news\/ben-cowen-predicts-potential-70-eth-drop-as-history-suggests-q4-decline-123762\/\"><strong> <\/strong><strong>Ben Cowen Predicts Potential 70% ETH Drop as History Suggests Q4 Decline<\/strong><\/a><\/p>\n<p>A good recent example is a<a href=\"https:\/\/cryptonews.com.au\/category\/blackrock\/\"> BlackRock<\/a> presentation, where they highlighted the loss of purchasing power of the US Dollar, ultimately making the case for Bitcoin.<\/p>\n<figure>\n<div>\n<blockquote data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">An amazing photo here if you stop and think about it: the largest asset mgr in world making a well-polished case for bitcoin to clients with ginormous chart of decimation of the dollar&#8217;s purchasing power since the establishment of the Fed. Life moves fast.. h\/t <a href=\"https:\/\/twitter.com\/thinkingvols?ref_src=twsrc%5Etfw\">@thinkingvols<\/a> <a href=\"https:\/\/t.co\/Ihtaxm0IGU\">pic.twitter.com\/Ihtaxm0IGU<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1842225208041537676?ref_src=twsrc%5Etfw\">October 4, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>According to Bloomberg\u2019s Senior ETF Analyst Eric Balchunas you\u2019d have to \u201cbe either totally biased or ignorant\u201d to scoff at Bitcoin\u2019s success so far and its potential ahead, adding that BlackRock is doing its sales pitch just as expected:<\/p>\n<div id=\"blockquote-block_84f61444db2958f4c9fcc6a13d30293a\">\n<p>This level of salesmanship combined with low fees, high liquidity and a trusted brand name is effing powerful.<\/p>\n<p><img decoding=\"async\" data-eio=\"l\" data-old-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" src=\"https:\/\/cdn.cryptonews.com.au\/2024\/03\/11142005\/EricBalchunas.jpg\">        Eric Balchunas    <\/p>\n<\/div><\/div>\n<p> Aaron Feuerstein <a href=\"https:\/\/cryptonews.com.au\/news\/early-bitcoin-whale-moves-3-58m-to-kraken-wallet-active-after-decade-of-dormancy-123805\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arkham discovered a wallet, untouched for 15 years, with Bitcoin valued at US$72.5M. This wallet, dating back to a month after Bitcoin\u2019s inception, just moved US$3.58M to Kraken. The wallet\u2019s value grew from US$474K to over US$80M across ten years of market growth. Speculation about the wallet\u2019s owner intensifies as an HBO documentary on Bitcoin\u2019s<\/p>\n","protected":false},"author":1,"featured_media":811022,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,22280],"tags":[11476],"class_list":{"0":"post-811021","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-early","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/811021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=811021"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/811021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/811022"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=811021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=811021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=811021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}