Ancient Whale Shifts $3.5 Million BTC as HBO Documentary Promises to Reveal Satoshi Nakamoto Identity

An ancient whale, who has been around since the beginning of the creation of Bitcoin, has resurfaced today with a massive BTC transfer

An ancient whale, who has been around since the early days of Bitcoin, has resurfaced today with a massive BTC transfer, to the tune of $3.5 million. The transaction, reported earlier today on social media, has sparked speculations across the crypto market as participants struggle to find the reason behind it.

This ancient whale, as flagged by Arkham Intelligence, a crypto transaction tracking service, made the large transaction about 10 hours ago from writing, shifting part of its Bitcoin holdings to the Kraken exchange. Per the report, the ancient whale sent a massive $3.5 million coin to the California-based crypto exchange.

Usually, large transactions like this are interpreted as a sell-off since they are transferred from a cold wallet to a centralized exchange. The purpose of the transaction could be a strategic cash-in on already accumulated gains over its years of dormancy.

According to Arkham, the whale holds a staggering 1.69k BTC, valued at approximately $72.5 million, mined in April 2009, one month after Bitcoin launched in February/March.

It is important to note that this whale previously conducted a transaction on September 24 when it sent a notable 5 BTC, valued at $315.97k at the time, to the same Kraken exchange.

Satoshi Nakamoto Identity Reveal In Other News

In related news, HBO, an American Box Office pay TV network, has created a documentary that is set to unmask the identity of the true creator of Bitcoin, Satoshi Nakamoto. The 2-minute trailer which was posted on X (formerly Twitter) yesterday caught the attention of the crypto community as they eagerly await the unraveling of the brains behind one of the biggest financial innovations in the last decade.

In the future of money, who holds the power?

The @HBO Original Documentary #MoneyElectric: The Bitcoin Mystery premieres October 8 on @StreamOnMax. pic.twitter.com/3gEwTqYaAq

According to the credits, the documentary was directed by Emmy-nominated filmmaker Cullen Hoback who gained attention after he produced the controversial miniseries QAnon series “Q: Into the Storm.”

In a post on X, Hoback disclosed that he has been absent from the public eye because he was trying to “track down someone else who disappeared,” referring to the “ghost-founder” of Bitcoin, Satoshi.

“Two years ago I set out to track down someone else who disappeared. The ‘ghost-founder’ of Bitcoin, Satoshi. In the process, I discovered something that surprised even me. Ultimately, the documentary will be released on October 8 and is produced by Alina Solodnikova, Jessie Deeter, and Scott Holroyd; executively produced by Adam McKay.