A Bitcoin OG whale has fully exited a 5,000 BTC position after holding it for 12 years, according to on-chain tracker Lookonchain. The address sold its last 1,000 BTC two hours before the July 21 report, with that final tranche valued at $65.56 million.
Lookonchain said the whale originally bought 5,000 BTC 12 years ago at $332 per coin, putting the total cost basis at about $1.66 million. The wallet began distributing and selling the holdings on Nov. 26, 2024, and eventually sold the entire 5,000 BTC stack at an average price of roughly $87,151.
That brought the total sale value to $435.75 million. Based on the figures cited in the report, the trade delivered a return of 262x. The transaction stands out as a rare full exit by an early Bitcoin holder with a long-dormant position.
A Bitcoin OG whale has completed a full exit from its long-held position, according to Lookonchain.
On July 21, Lookonchain said the address sold its final 1,000 BTC two hours earlier, with the last sale valued at $65.56 million.
The wallet had acquired 5,000 BTC 12 years ago at $332 per coin, for a total cost of $1.66 million.
Lookonchain said the whale began selling the holdings on Nov. 26, 2024. Across the full disposal, the address sold all 5,000 BTC at an average price of about $87,151, for a total value of $435.75 million and a 262x return.
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