A Bitcoin OG just closed out a complete exit from a 5,000 $BTC wallet held for over 12 years — realizing roughly $435.75 million.
This is one of the larger known single-wallet exits from the early era.
Context: If this wallet was accumulated in 2012-2013, the cost basis was likely somewhere between $5-$200 per coin. At today's exit price (~$87,000), that's a 435x to 17,400x return.
These early-era holders are sitting on cost bases that look nothing like current market prices. When they move, ...