Satoshi-era Bitcoin whale moves $203 million

A long-dormant Bitcoin (BTC) whale from the Satoshi era transferred 2,650 Bitcoin worth about $203 million to FalconX and Cumberland over-the-counter (OTC) trading desks in one of the largest old-wallet movements recorded this year.

The transfers were carried out Sunday, May 24, in three separate transactions, including two transfers of 1,000 BTC each and another transfer of 650 BTC, according to blockchain tracking data from Arkham.

Blockchain analytics account Onchain Lens shared that the wallet still holds another 6,000 BTC worth roughly $462 million.

Related: Mysterious whale suddenly moves $41M in Bitcoin after 12 years

Transfers routed through OTC trading desks

According to Onchain Lens, “A Satoshi era Bitcoin OG miner deposited 2,650 BTC ($203M) into FalconX and Cumberland,” using funds linked to addresses that originally received mining rewards in 2009 and 2010.

The analytics account said the entity is associated with 14 addresses identified through attribution data connected to Arkham Intelligence, which tracks early Bitcoin mining clusters and wallets that have remained mostly inactive since Bitcoin’s early years.

The transfers were sent to OTC trading desks rather than public crypto exchanges.

OTC desks are commonly used by large holders seeking deeper liquidity without placing visible sell orders on exchange order books.

While transfers to OTC firms do not confirm a sale has occurred, traders often view such activity as a possible sign that large holders may be preparing to reduce exposure or restructure holdings.

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Old Bitcoin wallets remain closely watched

A short update from BingX described the whale as an early miner that had kept most of its Bitcoin holdings untouched for more than a decade.

The transfer from the Satoshi-era Bitcoin miner came during a period of muted price action for Bitcoin.

BTC was trading around $77,500 at press time on Monday, May 25, up about 1.55% in a day.

During first week of May, Bitcoin climbed to above $80,000-mark before losing momentum near its 200-day moving average. Prices later pulled back to around $74,000 over the recent weekend.

Related: Satoshi's $84 billion worth Bitcoin just became someone's target