A Bitcoin (CRYPTO: BTC) whale, inactive for more than a decade, has returned to the scene, offloading half of its Bitcoin stash and securing a profit of 31,250%.
The Bitcoin wallet, dubbed “5K BTC OG,” started selling its Bitcoin assets, originally purchased in 2012 for a mere $332 per Bitcoin. The wallet, which initially held 5,000 BTC, has sold 2,500 BTC, raking in approximately $265 million at an average exit price of $106,164.
As per the report by Lookonchain, an additional 500 BTC was moved to Binance, with a value of $47.77 million. …Full story available on Benzinga.com
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