Satoshi-Era Wallets Move $9 Billion in Bitcoin After 11 Years

• A cluster of eight Satoshi-era wallets, each holding 10,000 BTC, moved 80,000 BTC on July 25 after 11 years of dormancy.
• The coins, originally acquired around $3 per BTC, are now worth over $9 billion and were transferred to Galaxy Digital for liquidation.
• Despite the historic sale, Bitcoin remains stable around $118,000, showing minimal market impact from the massive transfer.

A Satoshi-era wallet worth tens of billions of dollars in Bitcoin went back into activity after years of dormancy. On July 25, 2025, eight different long-dormant wallets moved 80,000 BTC, going on the move after 11 years. 

Each of these wallets was created in 2011, each holding 10,000 BTC. According to several on-chain analysts, all wallets belong to the same entity, which many attribute to be an early Bitcoin miner. 

At the time that the bitcoin was acquired, the currency traded near $3.00 per coin. Today, the 80,000 BTC from all wallets is worth over $9 billion. 

The BTC initially made its first move on July 4 when these assets left their old legacy wallet format and were moved to SegWit addresses. Only a week later, the holdings were transferred to Galaxy Digital for liquidation. 

According to Lookonchain, the assets were distributed via over-the-counter desks and major exchanges, including Binance, OKX, and Coinbase.

This marks one of the largest Bitcoin sales by a single entity in history, but surprisingly, the move has not really left a dent in the Bitcoin market. As of right now, $BTC trades at around $118k, around the same value it had 24 hours earlier. 

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