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Early Bitcoin Whale Moves $261M to Binance, Sells Additional $47.77M

An early Bitcoin investor who bought 5,000 BTC in 2013 continues significant activity, transferring thousands of coins to Binance and selling more holdings.

BTC

Summary

A Bitcoin whale, who purchased 5,000 BTC in 2013 for $332 each, has sold 500 BTC for $47.77 million and transferred 2,500 BTC, worth $261 million, to Binance. The investor still holds 2,500 BTC, valued at $237 million, in reserve.

Terms & Concepts
  • Bitcoin whale: An individual or entity holding a large amount of Bitcoin, capable of influencing market prices through significant transactions.
  • Binance: A major global cryptocurrency exchange offering trading, investment, and digital asset management services.
  • BTC: Abbreviation for Bitcoin, the first and largest cryptocurrency by market capitalization.