Dormant bitcoin wallet moves $378 million after six years
Onchain data shows a whale wallet that had been inactive since 2020 has transferred bitcoin worth $378 million.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
A bitcoin whale wallet that had been dormant for six years moved $378 million in BTC, according to onchain data. The wallet originally received 4,582 BTC in March 2020, when those holdings were worth roughly $40.8 million. The wallet had received the coins days before the Covid-era crash and held through it.
Why it matters
The reports state the transfer was the wallet's first movement in six years, but they do not describe any further effects.
More from Technology & AI
- Eight states sue OpenAI, alleging misleading AI safety claims
- OpenAI announces solution to Navier-Stokes math problem
- Datadog bets AI agents can handle testing of AI-written code
- Anthropic and OpenAI sketch wealth-sharing plans before IPOs
- Mamdani administration proposes AI customer service rules
- Florida engineers study how AI behaves in high-risk situations