2011 wallet moves 100 BTC worth $8M with 2,469,035% profit
- —2011 wallet transferred 100 BTC worth $8M, unrealized profit 2,469,035%
- —Four 2013 P2PKH wallets each moved 25 BTC at block 967722
- —100 BTC from 2013 arrived at a known Bitgo custody address
- —BTC price at the time of the 2011 purchase was $3.24 per coin
Why it matters: The activation of old wallets may signal preparation to sell and an increase in BTC supply on the market.
Source: Bitcoin.com