Dormant Bitcoin wallet moves $536M after over 5-year hiatus

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The Bitcoin whale didn’t even send test transactions before moving their 8,000 Bitcoin.

A Bitcoin whale has transferred 8,000 Bitcoin (BTC) worth $536.5 million from a Coinbase cold storage wallet after five and a half years of dormancy.

Bitcoin address “1ABww1…mCSKq” received the entire 8,000 BTC stash at block 847,490 on June 11, 1:26 pm UTC, according to blockchain analytics firm Arkham Intelligence.

That wallet then transferred all the Bitcoin to the Binance deposit address “15u4H…rMsLa” exactly one block and 11 minutes later, Arkham data shows. No test transactions were made prior to the two transfers.

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