A bitcoin wallet that has been inactive since late 2017 moved 5,908 BTC valued at approximately $383 million on Thursday. This wallet had acquired the coins when bitcoin was trading around $16,000, a price point reached during the market peak in December 2017 and early January 2018.
The total value of this position has increased by about 284%, despite facing a downturn during the 2022 market crash. At one point, when BTC reached its all-time high of $726 million in October 2025, this wallet was significantly profitable.
Interestingly, the transfer of coins did not go to an exchange, which suggests the owner may be re-evaluating custody options or preparing for a private sale, rather than selling the coins immediately. The funds were sent to a new address using a newer format (bc1q), indicating a shift in the wallet's management.
Historically, this wallet experienced the volatility typical of the cryptocurrency market; it briefly fell underwater during the 2022 dip when bitcoin was around $15,500. However, the wallet remained untouched even as BTC reached $122,000 last year, reflecting a long-term holding strategy.
To date, this wallet is distinctly separate from other large holders who have recently started selling, as indicated by CoinDesk. This particular wallet shows no signs of selling, having remained dormant for several years.
This material is for informational purposes only and should not be considered financial advice.
