Whale withdrew 250 BTC ($26.4M) from Gemini after 2 years of dormancy

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Whale withdrew 250 BTC ($26.4M) from Gemini after 2 years of dormancy

Inflow

Related addresses

bc1q7jslcsec5rt4elck2eshyfm9mudrpt2534z4us

Total tokens transferred

250

BTC

Related transactions

Gemini

bc1q7jslcsec5rt4elck2eshyfm9mudrpt2534z4us

Jun 07, 18:00

Whale bc1q7 just withdrew another 250 BTC ($26.4M) from Gemini at a unit price of $105,600, after 2 years of dormancy:

transaction: 43c43cc9aaee0b68837aebf64601ba7d3643914f8de0367152e16cb695e0bf8b
address: bc1q7jslcsec5rt4elck2eshyfm9mudrpt2534z4us

Notably, almost 2 years ago on May 17, 2023, this whale withdrew 500 BTC from Gemini at $26,821 (then $13.41M), now sitting on an unrealized profit of $39.4M (+294%).

Currently, the whale holds all 750 BTC, worth $79.2M.

Fig 1. Whale bc1q7's BTC transaction history.

#btc

#bitcoin

#withdraw

#gemini

#massive

#profit

#unrealized

#dormant

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