An 'early' Bitcoin whale moved another 40,000 BTC

A wallet associated with an activated "early" whale transferred 40,192 BTC to a new address. The transaction amount was $4.77 billion, according to Arkham.

Data: Arkham. On July 4, the owner of the first cryptocurrency showed activity for the first time since 2011. He distributed 80,000 BTC to eight new addresses.

Approximately half of this amount arrived on July 15 at two wallets that analysts linked to Galaxy Digital.

UPDATE: The Bitcoin OG with 80,009 $BTC($9.46B) has transferred 40,009 $BTC($4.68B) to #GalaxyDigital.

И #GalaxyDigital has directly deposited 6,000 $BTC($706M) into #Binance и #Bybit. pic.twitter.com/gdl6f8wSZw

— Lookonchain (@lookonchain) July 15, 2025

The remaining 40,192 BTC whale has likely consolidated them into one new wallet. The funds came from four addresses, to which they were initially distributed on July 4th. The transfer was preceded by two test transactions of 1 BTC each.

Analysts from Lookonchain suggested that the first batch of coins was prepared by the whale for sale through the over-the-counter service Galaxy Digital.

The Bitcoin OG with 80,009 $BTC($9.46B) just transferred another 40,192 $BTC($4.77B) to a new wallet bc1qs4 and may continue to sell. pic.twitter.com/EEdS5eEZod

— Lookonchain (@lookonchain) July 17, 2025

"If subsequent transfers from the new address are also directed to structures like Galaxy Digital, it may indicate that the whale will continue to sell," experts noted.

The movement of funds has sparked debates about the identity of the owner. Among the theories, Roger Ver, the CIA, and Satoshi Nakamoto himself were mentioned.

As a reminder, from January to March, approximately 62,800 BTC that had been inactive for over seven years "woke up" and changed wallets, according to CryptoQuant.