Bitcoin whale transfers $3.6 million to Kraken after 15 years of dormancy

Key Takeaways

An early Bitcoin whale transferred $3.6 million to Kraken exchange.
Another whale moved $16 million in BTC days earlier, raising questions about early Bitcoin wallets

An older Bitcoin whale, holding BTC mined in the first few months after Bitcoin’s launch in 2009, has transferred $3.6 million worth of Bitcoin to the Kraken exchange, according to blockchain analytics platform Arkham Intelligence.

UPDATE: ANCIENT BITCOIN WHALE MOVED $3.58M BTC TO EXCHANGES

A Bitcoin whale holding over $72.5M Bitcoin from 2009 has sent a total of $3.58M BTC to Kraken with their most recent movements yesterday.

This Bitcoin was mined ONE MONTH after Bitcoin’s launch in Feb/March 2009. https://t.co/s7ySYE03wU pic.twitter.com/r8YM6YkmIf

— Arkham (@ArkhamIntel) October 4, 2024

This recent movement of Bitcoin, mined just one month after Bitcoin’s mainnet went live, has sparked curiosity among market observers.

Arkham revealed that the whale, who holds over $72.5 million in Bitcoin, initiated the transfer yesterday. The transferred Bitcoin, mined in February or March 2009, now sits in Kraken’s wallet following a series of smaller transactions, including a five-bitcoin transfer on September 24.

This comes just a few days after another early Bitcoin whale, who mined their Bitcoin around the same time, woke up after 15 years of dormancy to move $16 million worth of BTC, according to Arkham Intelligence.