A Bitcoin whale has moved 411.45 BTC worth nearly $34 million after holding the coins since 2013, when Bitcoin traded at around $131. The transfer, recorded on October 18, 2026, puts the holdings’ estimated value at $33.99 million, up from an estimated initial value of $54,000.
The transaction was recorded in block 972,036, with Bitcoin trading near $82,600. The coins moved from a legacy Bitcoin address to a native SegWit address. At the time of reporting, no outgoing transactions from the destination wallet or transfers to a known crypto exchange had been identified.
Bitcoin Whale Records an Estimated $33.9 Million Gain
According to the reported transaction history, the wallet received approximately 411.45 BTC on September 11, 2013.
Based on an estimated initial value of $54,000 and a transfer-time value of $33.99 million, the holdings appreciated by approximately $33.93 million. Their value increased roughly 630 times, representing an estimated gain of around 62,900%.
These calculations are based on estimated valuations rather than the owner’s confirmed purchase cost. Historical market data puts Bitcoin at approximately $135.25 on September 11, 2013, compared with the reported acquisition price of around $131.
Bitcoin Transferred to a Native SegWit Address
The transaction moved 411.45 BTC from the original address, 13Coop8xFbYj9JR9WyF5EqzGa9GiZmxs7C, to bc1q2e68j927wctfryva578hjnjejvgdvru646rvq0.
The sending address uses the legacy Pay-to-Public-Key-Hash (P2PKH) format, while the destination uses native SegWit, also known as Pay-to-Witness-Public-Key-Hash (P2WPKH).
The reported transaction fee was 337 satoshis, equivalent to 0.00000337 BTC, or approximately $0.28 at a Bitcoin price of $82,600.
The change in address format could indicate a wallet migration or a change in custody arrangements. However, the reason for the transfer remains unconfirmed.
Other Long-Dormant Bitcoin Wallets Move Funds
The transfer follows other significant movements involving older Bitcoin holdings in October.
On October 17, two wallets linked to coins received in 2012 and 2013 reportedly moved a combined 416.69 BTC, worth approximately $33.8 million.
In a separate transaction, a wallet that received 4,581.94 BTC in March 2020 transferred the holdings to five new addresses in October. The coins were worth approximately $377 million to $378 million at the time, compared with an estimated $40.5 million when they entered the wallet.
These transactions highlight the movement of long-held Bitcoin between addresses. However, such transfers do not necessarily indicate that the owners intend to sell. For more on how this pattern has played out before, see our guide to dormant Bitcoin wallets.
More Than 34% of Bitcoin Supply Has Remained Unspent for Five Years
On-chain supply-age data dated October 18, 2026, showed that approximately 34.2% of the measured Bitcoin supply, or 6.88 million BTC, had remained unspent for at least five years. Coins in the 10-year-plus age category accounted for approximately 18.13%.
These figures reflect the age of unspent transaction outputs, not verified ownership or investor intentions. They also do not establish that the coins are permanently lost or unavailable for future transactions.
Although recent transfers show that some older Bitcoin holdings are becoming active again, they do not by themselves indicate a broader increase in selling by long-term holders.
What Does the $34 Million Bitcoin Transfer Mean?
The market impact of the 411.45 BTC transfer remains uncertain. At the time of reporting, the funds had not been identified as moving to a known crypto exchange.
A transfer to a new wallet can reflect a change in storage or custody rather than an impending sale. If the coins are later sent to an exchange, that could indicate a potential sale, but would not confirm that one had occurred. Read more in our Bitcoin market analysis.
The wallet owner’s identity, reason for moving the Bitcoin, and plans for the holdings remain unknown.
After 13 Years, a Bitcoin Whale Moves 411 BTC Worth $34 Million was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.