Bitcoin Whale Resurfaces: 2,000 Dormant BTC Transferred After Years

A 2010-era bitcoin whale has made headlines again after a long absence, transferring 2,000 bitcoins that had been dormant since bitcoin s early days. This significant move, valued at 181 million, was processed in a single transaction at block height 931668.
Bitcoin News has been tracking this particular whale since 2020, believing it to be a single entity rather than multiple wallets. Recent blockchain analysis indicates that this entity had been gradually selling off its 2010 coinbase rewards even before we identified it six years ago.
A miner just sold 2,000 BTC from block rewards dormant since 2010, transferring the funds to Coinbase Exchange,
wrote Sani, founder of timechainindex, on X.
The bitcoins were moved from 40 P2PK addresses to a consolidated P2SH address before reaching the crypto exchange Coinbase. This pattern is consistent with the whale s previous transactions, which have often shown connections to Coinbase-linked wallets.
Interestingly, the matching bitcoin cash BCH associated with these block rewards was shuffled about five years ago. Despite having offloaded large amounts of coins in the past, this whale has shown little concern for bitcoin s price fluctuations.
The coins moved today with BTC sitting just north of the 90,000 mark.
The whale s behavior suggests a methodical, long-term approach rather than a reactive strategy aimed at maximizing profits from market timing. With such a substantial bitcoin reserve, minor price differences seem insignificant to this entity.
As this whale retreats once more into the shadows, analysts are left to speculate on when its next move will occur. Based on past patterns, it could be months or even years before another batch of 2010-era rewards is quietly transferred onto the blockchain.