Two Dormant Bitcoin Wallets Move 2,571 BTC Worth $206.5M To Coinbase

Two Bitcoin wallets that had been dormant since 2023 suddenly awoke to transfer 2,571 BTC — around $206.5 million — to the institutional platform Coinbase Prime . The transaction was carried out just three minutes apart: the first address emptied 986.31 BTC and the second sent 1,584.98 BTC to the same deposit account, indicating that both wallets likely belong to a single entity that accumulated these assets at an estimated cost of $60 million. The move consolidates an unrealized profit of nearly $146 million (a 3.4x return) just as Bitcoin struggles to stay above the psychological $80,000 threshold. The transfer also coincided with another transaction tracked by Whale Alert involving 1,847 BTC ($148.3 million) sent to Coinbase Institutional, totaling over $350 million in institutional inflows on a day shaped by…

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