HomeCryptocurrency NewsDecade-old Bitcoin Wallet Moves 500 BTC to Wintermute Address

Decade-old Bitcoin Wallet Moves 500 BTC to Wintermute Address

Author GNcrypto

Posted: 19 May 2026, 22:38 CET 1 min read

A decade-old Bitcoin wallet moved 500 BTC (about $38M) to an address linked to OTC desk Wintermute; Arkham flagged links to a Binance deposit wallet.

A Bitcoin wallet created on Jan. 23, 2016 moved 500 BTC at block height 950100. The coins were held in a legacy P2PKH address for more than ten years before the transfer.

The stash was accumulated when Bitcoin traded near $382 per coin, giving the holding an original value of roughly $191,000. At current prices near $77,000 per coin, 500 BTC is worth just over $38 million. Bitcoin’s price has fallen about 4% over the past seven days.

On-chain tracing shows the funds leaving the original P2PKH address and moving into a Nested SegWit (P2SH) address that is flagged as linked to the over-the-counter desk Wintermute. Arkham Intelligence’s address tags indicate transfers from Wintermute-associated addresses connect to a wallet identified as a Binance deposit address.

The transaction and flow were detected on-chain and visualized in a transaction flow chart tied to the block trace. The transfer path is recorded in blockchain data at the noted block height.

Arkham’s tagging provides an on-chain link between the Wintermute-associated address and the Binance deposit wallet. Those on-chain labels do not by themselves confirm any off-chain settlement details or identify the counterparty that ultimately received the funds.

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