A Bitcoin Pioneer Makes a Big Move After 12 Years

A Bitcoin wallet, known as \5K BTC OG\, has recently become active after staying quiet for over 12 years. This wallet, which originally bought 5, 000 Bitcoins in 2012, has started selling its holdings. The price back then was just \$332 per Bitcoin. Now, the wallet has sold half of its Bitcoins, making a huge profit of 31, 250%. The wallet has been moving its Bitcoins in small amounts. Over the past five months, it has made at least 10 transactions, each moving between 250 to 500 Bitcoins to Binance, a popular cryptocurrency exchange. The latest move was 500 Bitcoins, worth about \$47. 77 million. Even after selling, the wallet still holds 2, 500 Bitcoins, which are currently worth around \$237. 5 million. This remaining amount could also be sold in the future.The total profit from these sales is over \$500 million. This makes it one of the most profitable Bitcoin sales ever. However, with Bitcoin's price near \$100, 000, selling such a large amount could put pressure on the market. While some Bitcoin believers are happy about this sale, others are worried. These Bitcoins have been untouched since the early days of the cryptocurrency. Now that they are moving, it could affect the market. Bitcoin has seen many changes since 2012. It started as a new idea and has grown into a major financial asset. The sale of these old Bitcoins shows how much the market has changed. It also raises questions about what will happen next.