Analysis: 14-year dormant bitcoin whale suspected of being an independent miner in 2011

2025-07-04 14:00:00
On July 4th, according to Coinbase director Conor Grogan, the "dormant 14-year bitcoin whale" that transferred 50,000 BTC today appears to be an independent miner from 2011. It once collected 180 blocks of mining rewards, and in 2011 had an address containing 200,000 bitcoins, which is worth about $22 billion today. This is one of the top five wallets in history.