Blockchain data firm Arkham Intelligence has revealed that a prominent Bitcoin whale, one of the earliest miners, has sold approximately $9.7 million worth of Bitcoin.
This particular whale began mining shortly after the genesis block—the first block on the Bitcoin blockchain—was created. Despite this significant sale, the whale retains about $72 million in Bitcoin.
The miner reportedly spent two months transferring Bitcoin to the Kraken exchange.
In the early days of Bitcoin in 2009, the cryptocurrency could be mined using personal computers, allowing individuals to generate up to 3,000 BTC per day when mining difficulty was at its lowest.
At that time, miners received a block reward of 50 BTC before the first halving event occurred.
As the network expanded in 2010, more miners joined, significantly increasing the mining difficulty and making it harder to mine Bitcoin with standard personal computers.
Addresses associated with ancient whales dating back to 2009 are rare, leading to speculation about whether Satoshi Nakamoto, Bitcoin’s enigmatic creator, may be involved in this recent activity.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.