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Crypto

Dormant Bitcoin Wallet Moves $1.04 Billion in Internal Custody Reshuffle

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BTC
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A significant Bitcoin transaction occurred on August 3 when a wallet that had been inactive for seven months moved its entire balance of 16,400 BTC, valued at approximately $1.04 billion.

The transfer was worth around 0.0781% of Bitcoin's total supply and accounted for roughly 6-7% of the typical daily spot volume.

The wallet transferred the coins to a new address, not to a known exchange wallet, indicating an internal custody reshuffle rather than a sale.

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