Satoshi-era Billionaire Moves 2,401 BTC to Kraken Exchange, Worth $245M
TLDR
A Satoshi-era investor has moved 2,401 BTC, worth $245 million, to the Kraken Exchange.
The large transfer comes after several internal Bitcoin wallet consolidations earlier this month.
The remaining Bitcoin balance held by the investor is valued at $258.58 million.
The deposit has sparked speculation that the investor may sell their Bitcoin.
The Bitcoin in question was accumulated during the early days of the cryptocurrency.
A major Bitcoin transfer has caught attention as a mysterious investor deposits 2,401 BTC worth $244.96 million onto Kraken. The transfer, completed just hours ago, has drawn scrutiny from the crypto community. This move suggests the Satoshi-era wallet may be preparing for a sale.
Gunden’s Whale Moves Spark Market Curiosity
Earlier this month, the same investor made waves by consolidating a large Bitcoin position. The coins moved between legacy wallets, suggesting a potential reorganization of an old treasury. These movements, although large, had remained internal within the investor’s ecosystem.
However, today’s deposit to Kraken changes the narrative. With 2,401 BTC now on a major U.S. exchange, many in the market wonder if a sale is imminent. At current prices, the remaining 2,499 BTC is worth $258.58 million, fueling speculation.
Bitcoin Whale Deposit Raises Market Concerns
These Bitcoins, accumulated in the early days of Bitcoin, were purchased at prices far lower than today’s value. “These are not ETF flows or market-maker inventory,” stated Onchain Lens, which tracked the movement. Early adopters, like this investor, hold a considerable portion of Bitcoin’s supply, which can sway market dynamics with just a few moves.
Owen Gunden has deposited 2,401 $BTC, worth $244.96M, into #Kraken, 3 hours ago.
Owen still holds 2,499 $BTC, worth $258.58M.https://t.co/fjqIGflm7B https://t.co/xYkVYFjpy1 pic.twitter.com/eHMm54t6Am
— Onchain Lens (@OnchainLens) November 13, 2025
Bitcoin’s current market price is above $103,000. Even with substantial liquidity in the market, the deposit of a quarter-billion dollars from this investor could cause significant price fluctuations. Traders are now left questioning whether the old Bitcoin wallets or new institutional money will lead the next market shift.
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Filed under: News - @ November 13, 2025 6:27 pm