On-chain data shows a “whale” bitcoin wallet that has been dormant since March 2020 has moved roughly $377–$378 million worth of BTC. Multiple outlets report the wallet received about 4,581–4,582 bitcoins around the start of the March 2020 period, before the market’s Covid-era crash.
According to the reports, the holdings were worth about $40 million at the time of acquisition in March 2020. After years of inactivity, the wallet now transfers the coins when the BTC value has risen substantially. Decrypt and CoinDesk describe the movement in similar terms, differing slightly on the exact transferred amount and the timing in today’s transaction records, while The Block focuses on the dormancy period and the original inbound transfer details.
Across sources, the shared emphasis is on the wallet’s long inactivity and the large on-chain transfer amount, with no outlets citing a confirmed external identity for the wallet owner or providing definitive information on the destination beyond on-chain movement.
