An early Bitcoin miner from the Satoshi era moved 2,650 BTC — worth roughly $203 million at current prices — to over-the-counter trading desks FalconX and Cumberland. The wallet, which had been dormant for years, still holds another 6,000 bitcoins.
The transaction details
The transfer was spotted by blockchain monitors on May 25. The miner sent the funds to two well-known OTC desks, FalconX and Cumberland. OTC desks are commonly used for large trades to avoid moving markets on public exchanges. The sender's address had been inactive since the early days of Bitcoin, likely from a miner who accumulated coins when mining was still possible on consumer hardware.
What the miner holds
After the transfer, the wallet retains 6,000 BTC. At the current valuation, that stash is worth about $460 million. The miner's total original holdings are unknown, but the movement of such a large sum from a long-dormant address often draws attention in crypto circles.
The counterparties
FalconX and Cumberland are institutional-grade OTC platforms that handle large block trades for miners, funds, and other big holders. Neither firm commented on the transaction, and it's unclear whether the miner intends to sell the remaining coins or hold them longer.
