Dormant Bitcoin Whale Moves $3.58M to Kraken After 15 Years

• A dormant Bitcoin whale from 2009 transferred $3.58M to Kraken, sparking speculation about Satoshi Nakamoto’s identity.
• The whale still holds over 1,169 BTC, mined just one month after Bitcoin’s mainnet launch.

Data provided by Arkham indicates that a Bitcoin whale dormanting since 2009 has awakened and transferred $3.58 million worth of BTC to the Kraken exchange.

Having been holding BTC since the first month following the opening of the Bitcoin mainnet, the whale lately made a number of moves that have generated rumors over the actual identity of the owner.

October 3, 2024, was the most recent transfer; other minor transfers have been conducted since September 24. Right now, the wallet has 1,169 BTC valued at more than $72.5 million.

UPDATE: ANCIENT BITCOIN WHALE MOVED $3.58M BTC TO EXCHANGES

A Bitcoin whale holding over $72.5M Bitcoin from 2009 has sent a total of $3.58M BTC to Kraken with their most recent movements yesterday.

This Bitcoin was mined ONE MONTH after Bitcoin’s launch in Feb/March 2009. https://t.co/s7ySYE03wU pic.twitter.com/r8YM6YkmIf

— Arkham (@ArkhamIntel) October 4, 2024

Bitcoin Whale Return Coincides with New Satoshi Documentary Trailer

As we previously reported, the comeback of the Bitcoin whale coincides with the premiere of a trailer for an HBO documentary. Titled “Money Electric: The Bitcoin Mystery,” the film seeks to expose Satoshi Nakamoto’s actual identity—that of the enigmatic founder of Bitcoin.

This has fuelled more rumors linking the whale to Nakamoto. Considering the time the wallet was initially used—just one month following the 2009 release of Bitcoin.

For years, the crypto community has been debating Nakamoto’s identity in great detail. The HBO program also hinted that Nakamoto might be Len Sassaman, an American computer expert and well-known cypherpunk world player.

Given certain wallet activity linked to Nakamoto ended soon after his death, Sassaman, who passed in 2011, has been cited as a strong contender for Nakamoto. Still, this is a great puzzle devoid of clear evidence.

Furthermore, this year several additional Bitcoin whales from the same era have followed similar actions. Having been inactive for more than 15 years, another whale shifted $16 million worth of Bitcoin in late September. The phenomenon still draws interest since it entails a lot of Bitcoin in the early days of the cryptocurrency.

Meanwhile, BTC is swapping hands at about $61,945.72 at the time of writing, down somewhat by 0.59% over the last 24 hours.