Bitcoin Whales Moves $325 Million After 10.5 Years of Dormancy

Two long-dormant Bitcoin wallets from the early “Satoshi era” have awakened from their decade-long slumber. Inactive for over ten years, these wallets executed significant transactions involving a combined $325 million worth of Bitcoin.

According to the blockchain analytics platform Spot On Chain, the first wallet, identified as a significant “whale,” transferred 2,343 BTC, valued at approximately $222.2 million, to a newly established wallet.

Notably, before this transaction, the wallet had remained untouched for 10.5 years. Onchain data reveals that this whale initially acquired around 2,187 BTC in July 2013 for a mere $185,850, translating to an acquisition cost of approximately $85 per coin.

Whales Move BTC After a Decade of Dormancy

The second wallet showed up after being inactive for over 11 years. It moved 1,079 BTC, worth about $102.5 million. Like the first wallet, this one got its Bitcoin in mid-2013, with an investment of about $91,713 at a similar price per coin.

Notably, the timing of these Bitcoin whales‘ moves is interesting. It happened just before the Federal Reserve’s interest rate announcement on Wednesday, May 7, 2025. Moreover, the crypto community expects the Federal Reserve to keep interest rates steady at 4.25% to 4.50%, taking a careful approach because of economic uncertainty and the effects of recent U.S. tariffs.

These large transactions happened before the Fed’s announcement, suggesting that big market players might be getting ready to avoid potential market swings caused by the decision. However, Bitcoin is trading between $94,000 and $95,000, after dropping from a high of $97,700 on May 2.

Glassnode data says that about 88% of the Bitcoin in circulation is currently profitable, with most losses among those who bought Bitcoin between $95,000 and $100,000.

Bernstein Predicts $330B Corporate Investment

According to a CoinTab report, Bernstein says that public companies might invest up to $330 billion in Bitcoin over the next five years, indicating that big organizations are becoming more interested and that Bitcoin plans, like the one used by Strategy.

Since the end of 2023, companies’ Bitcoin holdings have increased by 160%, primarily because of Strategy’s buying spree. The firm, led by Michael Saylor, now has about 555,450 BTC, more than 2.6% of all the Bitcoin that will ever exist (21 million).

The company has used a mix of selling stock, bonds, and its own money to pay for its Bitcoin plan. In the last quarter of 2024, the company announced its ’21/21′ plan. Since then, it has increased this to a new goal of $84 billion in its ’42/42′ plan, and it could grow even more.

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