Bitcoin OG Transfers 200 BTC to Kraken, $671M Moved in 3 Weeks

A long-time Bitcoin whale, often referred to as a “Bitcoin OG”, has transferred 200 BTC worth roughly $21.94 million to Kraken. This marks yet another large movement from an early holder. This brings the total amount moved by the same entity over the past three weeks to an astounding 6,003 BTC. This is valued at more than $671 million.

Whale Continues Massive Exchange Transfers

According to on-chain data, this latest transaction is part of a series of steady inflows. From the Bitcoin OG wallet to major exchanges, including Kraken, Binance and Coinbase. Each transfer involved sizable amounts. With the most recent ones show a consistent pattern of 200 BTC deposits every few days. Earlier in the week, the same wallet deposited 200 BTC worth $22.52 million. Another 200 BTC worth $22.32 million followed it just days before that. The week prior saw multiple 100 BTC transfers. 

Along with a massive 3,003 BTC ($338.15 million) deposit to Binance and 2,000 BTC ($222.13 million) sent to Coinbase. These repeated transactions indicate a deliberate liquidation or reallocation strategy. Rather than a one-time move. Market watchers have speculated that the Bitcoin OG may be redistributing funds across exchanges. He is possibly preparing for large-scale sales, swaps or portfolio restructuring.

Market Speculation Intensifies

Large transfers by early Bitcoin holders tend to draw immediate attention from traders and analysts. Such activity often triggers speculation about potential selling pressure on the market. However, no significant impact on Bitcoin’s price has been observed yet. This suggests the coins may not have been sold immediately upon deposit.

Analysts believe the Bitcoin OG could be leveraging Kraken’s deep liquidity and regulatory coverage for over-the-counter (OTC) transactions. Others suggest the whale might be moving assets into ETH or stablecoins. This is given that some of the transaction notes include “BTC to ETH” swap identifiers. While it’s impossible to pinpoint the intent behind the movements. The timing, spread evenly over three weeks. It implies calculated financial activity rather than panic selling.

A Glimpse Into Early Bitcoin Wealth

The term “Bitcoin OG” typically refers to individuals or entities who accumulated large BTC holdings during Bitcoin’s early years. It is often when prices were below $100. These early adopters now control multi-billion-dollar portfolios. This makes their movements highly visible on blockchain trackers. As Bitcoin’s price hovers above $100,000 in late 2025. 

Each of these old addresses carries historical and market significance. Their activity often reignites discussion around long-term holders’ influence. The gradual distribution of early Bitcoin wealth into modern financial systems.

What Comes Next

With $671 million already moved, the Bitcoin community will continue to monitor this address closely. The consistent pattern of deposits hints that the whale’s activity might not be over yet. If more transfers follow, the trend could provide insights into how early adopters are managing their holdings in a more mature. 

They regulated the crypto market, one where even the original whales are adapting to new liquidity and compliance landscapes. Currently, the Bitcoin OG’s quiet yet methodical moves serve as a reminder. In Bitcoin, history never really sleeps, it just moves in million-dollar chunks.