6-year dormant wallet moves $649M in Bitcoin

A Bitcoin (BTC) whale has emerged from a six-year hiatus, transferring approximately 6,000 BTC, worth around $649 million

According to on-chain data, the wallet address 1J3B2ucUpWjWPPpejUCoLN93Gwz3q65CTd originally acquired these Bitcoin holdings on July 25, 2019, when the cryptocurrency was trading at $9,796 per coin. The initial investment totaled $58.77 million, which has now appreciated to $649 million, representing a remarkable 1,004% return over the holding period.

Bitcoin wallet address moves 6,000 BTC. Source: BitInfoChartsBitcoin wallet address moves 6,000 BTC. Source: BitInfoChartsThe entire wallet balance was transferred in a single transaction executed earlier today on July 8. Despite the size of the transaction, Bitcoin’s price has remained stable following the move, suggesting the funds may have been moved to another wallet or through over-the-counter channels rather than on public exchanges.

Satoshi-era wallet moves $1 billion of BTC

Satoshi-era wallet moves $1 billion of BTCThe $600 million transaction comes just days after an even more remarkable on-chain movement tied to Bitcoin’s early history. Specifically, on July, 4 a long-dormant wallet from 2011 transferred Bitcoin valued at approximately $1.09 billion.

The wallet originally received these coins on April 3, 2011, when Bitcoin was trading at just $0.78 per coin, representing a total investment of only $7,805 that grew to over $1 billion after 14 years of inactivity.

While the identity of the wallet’s owner remains unknown, transactions of this age frequently stir speculation about Satoshi Nakamoto, although blockchain analysts have confirmed that this address is not among those linked to the elusive Bitcoin creator

The whale transactions coincide with a remarkable surge in Bitcoin wealth distribution. Over 26,000 new addresses holding $1 million or more in BTC were added in the first half of 2025 alone, demonstrating how Bitcoin continues to create new millionaires while rewarding early believers with extraordinary returns.

Featured image via Shutterstock

Featured image via Shutterstock Featured image via Shutterstock