Satoshi-era Bitcoin miner transfers $203M in BTC to OTC desks

A Satoshi-era Bitcoin miner moved 2,650 BTC worth about $203 million to FalconX and Cumberland, while retaining 6,000 BTC.

A Satoshi-era Bitcoin whale transferred 2,650 Bitcoin worth about $203 million to FalconX and Cumberland over-the-counter (OTC) trading desks, in an onchain move that may signal a planned sale or liquidity transaction from the long-dormant Bitcoin miner.

The early Bitcoin (BTC) miner transferred the funds across two transactions of 1,000 BTC each and another 650 BTC transaction on Sunday, according to blockchain data platform Arkham.

The address still holds another 6,000 BTC worth about $462 million, said blockchain data platform Onchain Lens in a Monday X post.

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