Key Facts

• The bitcoin wallet accumulated 5,908 BTC in late 2017 when bitcoin traded at around $16,000, a level the market saw in December 2017 and early January 2018.
• The stack cost roughly $100 million then and is worth about $383 million now, a gain of about 284%, and was worth $726 million at bitcoin's lifetime high in October 2025.
• The wallet had not spent a coin in eight years and remained inactive despite bitcoin falling about 80% through 2018 to near $3,200, recovering to $69,000 in 2021, and collapsing to about $15,500 in November 2022.
• The coins were sent to a new, unmarked address, not an exchange deposit address, which indicates a direct sale has not yet taken place and may reflect custody changes or preparation for an over-the-counter deal.
• The wallet's movement is distinct from another cohort of long-term holders who bought near last year's highs and sold into the bounce at a loss, as this holder is up 284% and has sold nothing.