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A Bitcoin whale transfers 5,907.56 BTC, worth approximately $384 million, after 8.5 years of dormancy
The institution estimated that the related holdings rose by about $286 million compared with an average purchase price of roughly $17,000, a gain of 291%. The funds were sent to a wallet that had not previously been identified, rather than a known exchange deposit address; the on-chain information does not show that the holder has sold the Bitcoin. This transfer also moved the BTC from the traditional address format starting with “1” to the newer bc1q address format.