Over 10,600 bitcoins, equivalent to approximately $1.26 billion at the current exchange rate, were moved from three old wallets that have shown activity for the first time in the last 3–5 years. Experts from Arkham Intelligence recorded this transaction and suggest that the wallets may belong to a single owner or be part of one structure.
This is reported by Business • Media
Details of the Transaction and Wallet History
According to analytical data, all three wallets received bitcoins on December 13, 2020, when the price of one BTC was around $18,000. Two of them remained completely inactive until July 23, 2025, while the third conducted only two minor transactions of 7 BTC each during those years. On the night of July 22, 2025, all three wallets transferred their balances to new, unknown addresses, which currently show no activity.
Although there is no definitive confirmation regarding a single owner, analysts at Arkham Intelligence note:
“all three addresses interacted with the same wallet.”
Trends Among Large BTC Holders
This case marks the second instance of significant activity among so-called bitcoin whales in July. Earlier this month, an owner known as the “Satoshi Era Whale” moved over 80,000 BTC (approximately $9.5 billion) for the first time since April 2011 after 14 years of inactivity.
Experts suggest that part of the coins may be directed to Galaxy Digital for potential sale through over-the-counter (OTC) transactions.
The activity of large players coincided with a period of sustained growth in the price of bitcoin, which exceeded $123,000 in early July 2025 and is currently holding near that mark. As of now, the price of the first cryptocurrency stands at $118,050, according to TradingView.
Earlier this month, another similar transaction was recorded: 1,308 BTC were transferred from an address associated with SpaceX after a three-year hiatus.