Bitcoin Worth $22 Million Transferred After Half a Decade of Inactivity
In the world of cryptocurrency, large-scale transactions have been making waves, particularly in the last two years. According to a recent report and analysis by Lookonchain, significant Bitcoin transactions occurred in 2024 and 2025, involving major holders and institutional accumulation.
One such notable event took place in mid-2025 when a large early Bitcoin investor moved over 80,000 BTC, equivalent to around $9.6 billion, via Galaxy Digital’s OTC services. This distribution caused a temporary price fluctuation but was quickly absorbed by the market, with the price stabilizing around $119,000 afterward.
Another significant move was made by the company Strategy, a prominent Bitcoin treasury entity. In July 2025, Strategy completed a $2.52 billion IPO and used the proceeds to purchase over 21,000 BTC at an average price of about $117,256 each. This acquisition increased their total holdings to nearly 629,000 BTC, valued at roughly $46.8 billion.
Major cryptocurrency exchanges have also seen significant holdings and occasional large transactions. For example, Binance’s primary cold wallet holds about 248,600 BTC, while Robinhood has roughly 140,600 BTC in cold storage. These wallets mainly perform large but infrequent transfers, likely for reserve or liquidity management rather than trading activity.
As we approach 2025, Bitcoin's circulating supply is nearing 19 million out of its 21 million cap, underscoring the scarcity that can amplify the impact of such large transactions.
Interestingly, a Bitcoin wallet that had been inactive for six years recently saw activity. On January 10, 2025, this wallet transferred 500 BTC to a new address. The value of this transfer, at the time of the report, is approximately $46.87 million, a significant increase from the original deposit six years ago when the price of Bitcoin was around $7000, making the deposit equivalent to approximately $3.5 billion.
This transfer was made to a new address and was deposited into Coinbase Prime. While the source of this long-dormant wallet remains unknown, the activity serves as a reminder of the ongoing movement and potential for significant transactions in the Bitcoin market.
[1] Source: https://t.co/D9IbccUqIA [2] Source: https://t.co/D9IbccUqIA [3] Source: Not provided in the report [4] Source: Not provided in the report
- The ongoing trend of large-scale Bitcoin transactions in the world of finance, propelled by technological advancements, was further demonstrated in mid-2025 when a significant investor moved 80,000 Bitcoin via Galaxy Digital’s OTC services, a decision that influenced the market price.
- Institutional involvement in Bitcoin investing continued to increase in 2025, as seen in the $2.52 billion IPO conducted by Strategy, a prominent Bitcoin treasury entity, which enabled them to purchase over 21,000 Bitcoin, further solidifying their position in the finite and increasingly scarce Bitcoin market.
