11.09.2025 20:18

After a profound slumber of 13 years, a significant Bitcoin holder from the cryptocurrency's formative "Satoshi era" has suddenly become active. This long-dormant entity, often referred to as a 'whale' due to the size of its holdings, initiated its first transaction in over a decade on Thursday morning, moving a portion of a portfolio now valued in the tens of millions of dollars.

On-chain data meticulously tracked by internet sources provides a clear picture of the event, which began around 11:27 a.m. UTC. An outbound transfer of approximately 137.03 BTC, worth about $15.6 million, was executed from the original "1Q397" address. Blockchain monitoring platforms show that while the vast majority of this sum (around 132 BTC) was relocated to a brand-new wallet, a smaller parcel of 5 BTC was deposited to an address associated with the Kraken exchange, leaving a substantial balance of 307.79 BTC, valued at $35.1 million, untouched.

The financial journey of this wallet's contents is staggering, showcasing an astronomical return on investment. The whale initially accumulated a significant portion of the Bitcoin back in 2012 at an average cost of just $12.22 per coin, translating to a modest initial investment of roughly $5,400. Today, that holding has ballooned into a multi-million dollar fortune, representing an incredible profit of more than 638,000%.

The motivations behind the transfer remain a mystery, as does the identity of the whale, but the small deposit to a cryptocurrency exchange is often interpreted by analysts as a potential precursor to selling. Events like these are of particular interest to market observers, who closely monitor the activity of Satoshi-era wallets—those that became active during the 2009-2011 period when Bitcoin's pseudonymous creator was still involved in the project. The movement of such long-static funds is frequently scrutinized for potential signals about future market direction.