2010 Whale Breaks Silence at Block 931,668; $181M Moves as BTC Holds $90K
A ‘Satoshi-era’ entity moves 2,000 BTC after skipping 2025 entirely, creating a $181M discrepancy in the recent accumulation trend.
A Bitcoin entity active since the network’s CPU-mining era resurfaced Saturday, moving 2,000 BTC ($181 million) in a single block. The transaction ends a 14-month dormancy for the wallet, which last showed activity in November 2024 before sitting out the entirety of 2025.
The transfer executed at block height 931,668. On-chain data confirms the funds originated from 40 separate Pay-to-Public-Key (P2PK) addresses, a legacy format used in 2010, and consolidated into a single Pay-to-Script-Hash (P2SH) address. Bitcoin traded at $90,622 during the settlement, absorbing the news without immediate volatility.
Supply Shock or OTC Shuffle?
The movement challenges the prevailing “diamond hand” narrative of early 2026. While Bitcoin.com reported the consolidation initially targeted a private wallet, the entity’s history suggests liquidity is the goal. Similar transfers from this whale in 2024 ultimately routed to Coinbase, contradicting hopes of a mere custodial rotation.
The hoard, valued at $181 million, traveled in a single clean sweep and was processed in full at block height 931668.
This $181 million unlock appears as an outlier against broader institutional flows. Wallets holding 10,000 to 12,000 BTC have added 56,227 coins since mid-December, signaling strong absorption at the $90k level. The market now watches the P2SH recipient address; a move to an exchange hot wallet would likely force a re-pricing of vintage supply risk.
