Financial Insights That Matter
After 15 years of inactivity, a Bitcoin whale unlocked a $4.67 million windfall, with a gain of over 93 million percent on their initial investment.
A Bitcoin whale recently moved 50 BTC, worth approximately $4.67 million, after sitting dormant for 15 years. The transaction saw coins originally mined in July 2010, when Bitcoin was worth less than $0.10 per coin. At the time of the transfer, Bitcoin’s price stood at $93,455.
Address identified by code ’04ba30′ stayed inactive for more than 15 years after receiving coins in 2010. However, the transaction was first flagged on X by Bitcoin journalist and historian, Pete Rizzo.
The holder, whether an early miner or a long-term investor, achieved an unimaginable 93,460,500% return on their investment.
It is not the first time Bitcoin whales have resurfaced with remarkable returns. In November, another investor moved 2,000 BTC, initially purchased for a mere $120, now valued at a staggering $179 million.
Despite these extraordinary gains, the most prominent Bitcoin whale remains the pseudonymous creator, Satoshi Nakamoto, believed to hold 1.1 million BTC.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
#1a73e8;">Boost Your Financial Knowledge and Achieve Stability
Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.
#1a73e8;">Top Financial Tips for Saving and Investing
- Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
- Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
- Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.