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Dormant 2017 bitcoin wallet moves $383M worth of BTC to new address, no sale yet.

Market News
16 Jul 2026
Coindesk
View Source
Neutral
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A bitcoin wallet that had been inactive since 2017 moved its entire holding of 5,908 BTC, now worth about $383 million, to a new, unidentified address. The coins were originally bought near bitcoin's 2017 peak at around $16,000 each and have gained roughly 284% since then. The transfer to a non-exchange address suggests this move is likely for custody changes or preparation for an over-the-counter deal, not an immediate sale. This activity highlights how long-term holders may reposition assets without impacting the market directly.

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