Updated: October 4, 2024, 4:47 PM EDT
Old Bitcoin whales transferred a total of $3.6 million worth of assets. BTC
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The blockchain analytics platform published X on Friday. “The Bitcoin whale, which has held more than $72.5 million in Bitcoin since 2009, sent a total of $3.58 million in BTC to Kraken in its most recent move yesterday.” “This Bitcoin was mined a month after Bitcoin was launched in February/March 2009.”
Arkham also posted that the same whale transferred five bitcoins to Kraken on September 24th. According to The Block Price Page, Bitcoin is trading at $62,376 as of 4:03 PM ET.
The blockchain analytics company said the most recent transfer occurred on Thursday, the same day that HBO released the trailer for a new documentary that aims to uncover the true identity of Satoshi Nakamoto, the pseudonymous founder of Bitcoin. The documentary is scheduled to air next Wednesday.
In the cryptocurrency world, Arkham is considered an important information source that promotes transparency. The company provides tools for on-chain analysis, helping researchers and investigators like ZachXBT track illicit activity, track high-profile wallets, and uncover hidden assets.
For example, last August, Arkham said 10,000 bitcoins worth nearly $600 million at the time were transferred to Coinbase Prime wallets.
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About the author
RT Watson is a senior reporter at The Block, covering a variety of topics including US-based companies, blockchain games, NFTs, and more. Previously, he covered entertainment for The Wall Street Journal and covered Disney, Netflix, and Warner Bros. and the creator economy, with a primary focus on technological innovation across media. Previously, he covered corporate, economic and political news in Brazil at Bloomberg. RT has interviewed CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers and convicted criminals. He holds a Master’s degree in Digital Sociology.