Not a Sale but an Address Update? The Mystery Behind the Movement of Trillion Yen Worth of Bitcoin Dormant for Over 14 Years

Last Friday to Saturday, over 80,000 BTC (approximately 1.2 trillion yen) that had been dormant for 14 years suddenly moved, sparking major discussions in the cryptocurrency industry. According to the on-chain analysis platform Arkham, this movement is likely related to a simple address update. Most of the funds were transferred from legacy Bitcoin addresses to bech32 addresses, indicating that the owner likely updated to a more secure, modern address format. No further movements of funds have been detected at the receiving addresses. The initial movement involved two addresses, each holding 10,000 BTC from 2011...