Dormant Bitcoin Wallet Moves $1.04 Billion in Internal Custody Reshuffle
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.