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Bitcoin News

Bitcoin Whale Made $550 Millions After Hodling for Decade

Written By:
Iyiola Adrian

Reviewed By:
Jahnu Jagtap

Last updated: August 28, 2025 1:20 PM
Published 2025-08-27
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Last updated: August 28, 2025 1:20 PM
Published 2025-08-27
Bitcoin Whale Made $550 Millions After Hodling for Decade

A crypto whale with the wallet tag “bc1qlf” has reportedly cashed out 750 Bitcoin worth $83 million after holding the coins for more than a decade. 

According to on chain data, the trader initially bought 5,000 Bitcoin back in 2012 for only $332 each. At that time, the whole stash was worth less than $2 million.

For years, the coin stayed untouched. The whale started selling after the bitcoin price went above $90,000. Since then, the wallet has sold about 1,750, which is worth around $189 million. Even after the sales, it still holds 3,250 Bitcoin, valued at about $361 million. 

At first, the whale sold a small amount of 100 to 250 Bitcoin to Binance. Later, bigger amounts were transferred including a 1,500 Bitcoin worth $166 million. This is one of the largest single transactions from the whale.

From the original amount spent to buy the token in 2012, the whale has already made $550 million in profit. That is about 331 times more than the starting value.

Bitcoin Holds Strong at $112k level

At the time of writing this report, Bitcoin is trading for $112,028. According to data from CoinMarketCap, the token is up 1.73% from the previous day, after surging from an intraday low of $109.730.

Bitcoin Price Chart
Bitcoin Price Chart | Source: CoinMarketCap

However, trading activity is down by 20.4% today, resulting in $62.07 billion in trading volume with $2.23 trillion in market valuation which has also surged 1.73% over the same period.

Also Read: Metaplanet to Raise $881M to Expand Bitcoin Holdings

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Iyiola - Crypto Journalist at The Crypto Times
By Iyiola Adrian
Follow:
Iyiola is an experienced crypto writer specializing in simplifying complex blockchain and cryptocurrency topics for a broad audience. With expertise in ICOs, DeFi, NFTs, and regulatory updates, he offers valuable insights to help readers make informed decisions.
Jahnu Jagtap - Crypto Research Analyst at The Crypto Times
By Jahnu Jagtap
Follow:

Jahnu Jagtap is a Research Analyst with over 5 years of experience in crypto, finance, fintech, blockchain, Web3, and AI. He holds a BSc in Mathematics and is certified in Blockchain and Its Applications (SWAYAM MHRD), Cryptocurrency (Upskillist), and NISM Certifications. Jahnu specializes in technical, on-chain, and fundamental analysis, while also closely tracking global macro trends, regulations, lawsuits, and U.S. equities. With a strong analytical background and editorial insight, he drives content that delivers clarity and depth in the fast-evolving world of digital finance.

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