The owner of untouched bitcoins for 14 years withdrew the remaining coins worth $4.8 billion
An unknown wallet owner, who has stored over 80k BTC ($9.6 billion at the current exchange rate) since 2011, continued to move the coins. BTC that arrived at his addresses in 2011, when the price was around $0.78, appreciated 150,000 times over 14 years.
After transferring thousands of BTC last week, he additionally transferred the remaining 40,192 BTC (~$4.8 billion) to addresses associated with Galaxy Digital. The company is known as an institutional broker working with large clients and conducting over-the-counter (OTC) trades.
On July 4, activity appeared on his wallets for the first time in 14 years, and on July 15, the first batch of 40,000 BTC was withdrawn, part of which later arrived at cryptocurrency exchanges Bybit, Binance, Bitstamp, Coinbase, and Gemini. Now there are no funds left in the wallet from which he made transfers to the broker.
One of the theories being discussed in the community is a possible connection between the wallets and crypto industry pioneer Adam Back. On July 15, it was reported that he might sell bitcoins worth $4 billion to Cantor Equity Partners, linked to the son of the U.S. Secretary of Commerce. Some believe that Back is the anonymous creator of Bitcoin under the pseudonym Satoshi Nakamoto.
