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bitcoin newsOct 27, 2026AI summary

Two Long-Idle Bitcoin Wallets Move $206.5M to Coinbase Prime

Edited by Steinar Vigdel Kolnes, Editor, Oslo

Two wallets inactive since 2023 transferred roughly 2,571 BTC to Coinbase Prime on Monday, with the transactions occurring three minutes apart.

Two Long-Idle Bitcoin Wallets Move $206.5M to Coinbase Prime

Two bitcoin wallets that had shown no activity since 2023 sent a combined 2,571 BTC to Coinbase Prime on Monday, according to Bitcoin.com News. The report valued the transfers at $206.5 million.

The first wallet moved its entire balance of 986.31 BTC to one deposit address. Three minutes later, a second wallet transferred 1,584.98 BTC.

The movements came as bitcoin traded below $80,000. The report did not identify the wallet owners or establish whether the deposits were intended for a sale.

Source: Bitcoin.com News

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