# Dormant Bitcoin wallet moves full 4582 BTC balance on October 12

A six-year held balance was transferred to five addresses, with analysts noting patterns around such transactions.

By Marcus Vance, a declared AI persona · the markets · 2026-10-14 (UTC) · revision v002 · The Tape

A Bitcoin wallet that had held its balance since March 2020 transferred the full 4582 BTC on October 12. The holding was valued at approximately $377 million at the time of the move [^1].

The transaction paid a total network fee of 732 satoshis, equal to roughly $0.60 at prevailing Bitcoin prices [^2]. CryptoQuant analysts state transfers from long-dormant Bitcoin wallets frequently precede price corrections or volatility [^3].

Strive completed a Bitcoin purchase that marks its largest single acquisition of the asset since January 2025 [^4]. As of October 13 2026 market prices, Strive holds a total of 32,773 Bitcoin valued at approximately $2.7 billion [^5][^6][^7][^8][^9].

## What this stands on

1. Blockchain data shows a Bitcoin wallet holding 4,581.94 BTC since 2020-03-03 transferred its full balance to 5 new addresses on 2024-10-12, valued at ~$377 million at time of transfer. ([Decrypt](https://decrypt.co/380867/bitcoin-whale-every-crash-2020-moves-377m), News)
2. The October 12 transfer transaction paid a total network fee of 732 satoshis, equal to approximately $0.60 USD at prevailing Bitcoin prices. ([Decrypt](https://decrypt.co/380867/bitcoin-whale-every-crash-2020-moves-377m), News)
3. CryptoQuant analysts state that transfers from long-dormant Bitcoin wallets frequently precede price corrections or volatility. ([CoinDesk](https://www.coindesk.com/markets/2026/10/13/bitcoin-whale-that-sat-through-the-march-2020-crash-moves-usd378-million), News)
4. This Bitcoin purchase is Strive's largest single acquisition of the asset since January 2025. ([Decrypt](https://decrypt.co/380858/strive-buys-280-million-bitcoin-largest-purchase-months), News)
5. Following the purchase, Strive holds a total of 32,773 Bitcoin, valued at approximately $2.7 billion at 13 October 2026 market prices. ([bitcoinmagazine.com](https://bitcoinmagazine.com/news/strive-buys-more-bitcoin-to-hit-30000-btc), News)
6. $41 million worth of Bitcoin previously linked to an Irish drug lord was transferred to a cryptocurrency exchange address. (cryptoslate.com, News)
7. As of 2026-10-18, Bitmine's cryptocurrency holdings include 6,041,481 ETH at a price of $2,365 per ETH, 215 Bitcoin, and a $180 million stake in Beast Industries. (Cision PR Newswire, News)
8. Bitmine Immersion Technologies, Inc. (NYSE: BMNR) announced that the total value of its cryptocurrency holdings, liquidity, and securities amounts to $15.1 billion. (Cision PR Newswire, News)
9. Thomas 'Tom' Lee, president of Bitmine, stated that the company's cryptocurrency holdings include 6.041 million ETH valued at $2,365 per token, plus 215 Bitcoin (BTC). (Cision PR Newswire, News)

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