Early Bitcoin Whale Moves Another 40,000 BTC

A wallet associated with an “early” Bitcoin whale has transferred 40,192 BTC to a new address. The transaction amounted to $4.77 billion, according to Arkham.

On July 4, the owner of the first cryptocurrency showed activity for the first time since 2011. He distributed 80,000 BTC to eight new addresses.

Approximately half of this amount was sent to two wallets on July 15, which analysts linked to Galaxy Digital.

UPDATE: The Bitcoin OG with 80,009 $BTC($9.46B) has transferred 40,009 $BTC($4.68B) to #GalaxyDigital.

And #GalaxyDigital has directly deposited 6,000 $BTC($706M) into #Binance and #Bybit.https://t.co/8Z4m7CAQ0i https://t.co/4fpZhBM5uY pic.twitter.com/gdl6f8wSZw

— Lookonchain (@lookonchain) July 15, 2025

The remaining 40,192 BTC were likely consolidated by the whale into a single new wallet. The funds came from four addresses to which they were initially distributed on July 4. The transfer was preceded by two test transactions of 1 BTC each.

Analysts at Lookonchain suggested that the first batch of coins was being prepared by the whale for sale through Galaxy Digital’s over-the-counter service.

The Bitcoin OG with 80,009 $BTC($9.46B) just transferred another 40,192 $BTC($4.77B) to a new wallet bc1qs4 and may continue to sell.https://t.co/EUM3WzP46nhttps://t.co/UjX7fBpbv7 pic.twitter.com/EEdS5eEZod

— Lookonchain (@lookonchain) July 17, 2025

“If subsequent transfers from the new address are also directed to structures like Galaxy Digital, it may indicate that the whale will continue to sell,” experts noted.

The movement of funds sparked debates about the owner’s identity. Theories included Roger Ver, the CIA, and Satoshi Nakamoto himself.

Earlier this year, from January to March, approximately 62,800 BTC, which had been dormant for over seven years, “woke up” and changed wallets, according to CryptoQuant.