On July 24, a wallet associated with an “early” Bitcoin whale transferred 3,962 BTC (approximately $468 million at the current rate) to a new address. Analysts at Whale Alert noted this activity.
💤 💤 💤 💤 💤 💤 💤 💤 💤 💤 A dormant address containing 3,962 #BTC (468,046,931 USD) has just been activated after 14.5 years!https://t.co/LXdjguOqYv
— Whale Alert (@whale_alert) July 24, 2025
The owner of the first cryptocurrency showed activity for the first time in 14 years. He acquired the transferred bitcoins at $0.393 per coin in January 2011, when their total value was estimated at $1,453.
Update: This whale has transferred all 3,962 $BTC($468M) to a new wallet bc1qcz after being dormant for 14.5 years.https://t.co/GOp1mQk1Ihhttps://t.co/2vZYhjVCcp pic.twitter.com/Dv0N34Cj1g
— Lookonchain (@lookonchain) July 24, 2025
Users speculated that the whale transferred the funds to a more secure wallet. Others suggested a connection to Satoshi Nakamoto. However, the true identity of the address owner remains unknown.
Holy fuck he is Satoshi 🤯 pic.twitter.com/69zWRUIJgi
— Bsv (@CaptainBSV) July 24, 2025
Whale Alert analysts also observed two significant Ethereum transactions. One wallet transferred 31,168 ETH (approximately $113 million) to Coinbase Institutional, while another sent 27,090 ETH (approximately $98 million) to Cumberland.
Earlier in July, on the 17th, a whale dormant since 2011 “awoke”. It moved 80,000 BTC to eight new wallets. Analysts speculated that the investor was preparing to sell the funds through the over-the-counter service Galaxy Digital.