Bitcoin Whale 'bc1qlf' Deposits 250 BTC Worth $28.29 Million Into Binance

The transfer leaves 3,000 BTC remaining in the wallet, originally acquired for $332 each in 2012, showcasing the long-term profitability of early Bitcoin investments.

BTC

Summary

A Bitcoin whale, 'bc1qlf', has moved 250 BTC, valued at $28.29 million, to Binance, leaving 3,000 BTC in its wallet. The address, which purchased 5,000 BTC in 2012 for $332 each, highlights the significant returns on early Bitcoin investments.

Terms & Concepts
  • Bitcoin Whale: An individual or entity that holds a large amount of Bitcoin, often enough to influence market prices when they move their assets.
  • Binance: A major cryptocurrency exchange platform that allows users to trade a variety of cryptocurrencies, including Bitcoin.