7,975% Profit on Move: Post-Satoshi Era Whale Shifts Dormant Bitcoin (BTC) to New Wallet Standard

On-chain data shows a 2014 Bitcoin wallet shifted 26.96 BTC worth $1.76 million to a SegWit address today, moving a 7,975% profit amid security migrations.

Gamza Khanzadaev · 10 Aug 2026 · 5 min read

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Gamza Khanzadaev

Mon, 10/08/2026 – 14:34

On-chain data shows a 2014 Bitcoin wallet shifted 26.96 BTC worth $1.76 million to a SegWit address today, moving a 7,975% profit amid security migrations.

7,975% Profit on Move: Post-Satoshi Era Whale Shifts Dormant Bitcoin (BTC) to New Wallet Standard

Cover image via depositphotos.com

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The start of a new week has set capital created in the post-Satoshi Nakamoto era in motion across the cryptocurrency market. An investor who had not touched their assets for more than 12 years moved their entire holdings to a new wallet, recording an unprecedented paper return.

Galaxy Research’s on-chain radar detected the transaction today at 07:03 UTC in block #961845. The wallet “14vMECU9ta5sUrBhbUUnPmDjtx8Vqm6Eum” held 26.96 BTC without any movement. Back in January 2014, the coins arrived at the address through a series of convoluted transactions from unknown wallets, after which the owner never moved them.

*26.96 BTC ($1.76 million) wallet-to-wallet migration after 12.5 years, Source:* *Arkham Intelligence*

Why the whale swapped wallet standards mid-crisis

The dormant wallet’s sudden migration coincided with the largest security crisis of the summer. The investor’s activity may be linked to the recent Coldcard hardware wallet breach, in which hackers exploited a vulnerability to drain thousands of addresses of more than $116 million.

Market-wide panic has forced long-standing Bitcoin holders to urgently evacuate their assets, including by moving into spot exchange-traded funds, which recorded $80 million in inflows over the past four sessions.