A bitcoin wallet dormant since Jan. 1, 2016, transferred 500 BTC, valued at $41.33 million, to Coinbase, according to the excerpt. Arkham Intelligence data indicates the funds were later dispersed. The movement suggests the owner may have sold the bitcoin, but the excerpt does not establish a sale or a realized gain.
At the cited value, the 500 BTC was worth roughly 18,930% more than when the wallet was created, with bitcoin then trading at about $434 per coin. Data compiled by btcparser.com shows that 23 dormant wallets moved 1,745.615 BTC, valued at more than $143 million, in October 2026.
