Overview
- On November 3, 2025, the wallet transferred 2,300 BTC valued at roughly $245–$250 million to a Paxos-tagged deposit address.
- The holder still controls about 32,490 BTC, an on-chain balance worth approximately $3.4 billion.
- On-chain analyst Emmett Gallic highlighted the transaction after spotting the reactivated wallet activity.
- Paxos, a U.S.-regulated custodian and stablecoin issuer, is a frequent destination for large digital-asset transfers.
- Analysts place the transaction within a 2025 rise in dormant-wallet reactivations, noting that market impact remains unclear without subsequent moves to exchange-linked wallets.