Bitcoin whale moves US$44 million after a decade – see how much he earned

A Mysterious Holder Has Moved Bitcoin (BTC) worth nearly $44 million after receiving the coins more than 10 years ago and ultimately letting them gather dust in the meantime.

Blockchain Data show that the 687.33 BTC – today worth US$43.7 million – were transferred on Sunday night, after a decade of dormancy. The coins first arrived at the address in January 2014, when 1 BTC was worth less than $900, and have not been moved since, the data shows.

O BTC price it now stands at $63,467, according to CoinGecko, meaning the lucky investor is making gains of 7,228%.

Interestingly, blockchain data suggests that the as-yet-unidentified holder paid less than $2 as a transaction fee to move the coins on Sunday.

CryptoQuant, which monitors blockchain activity, told Decrypt that the coins came from 2011 block rewards, so it is highly likely that the BTC belongs to one of the earliest miners.

Bitcoin Miners are people – or organizations – who work to keep the Bitcoin network running. Using computers and a lot of energy, they mint new coins and process transactions and are rewarded in BTC for doing so.

In the crypto world, Bitcoin Whales They are investors who accumulate huge amounts of assets and don’t touch them for years.

But today’s movements were not made by a whale. Investors are typically considered Bitcoin whales if they hold at least 1,000 BTC, or at least $63.5 million. These ‘HODLers’ are typically large institutions or companies.

Regardless of what defines a whale, long-term holders have proven to be the most successful investors, as the price of BTC has only risen steadily over the past decade – despite volatility along the way.

Edited by Andrew Hayward

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