A long-time Bitcoin holder, known as a Bitcoin OG, has completed the sale of their remaining 1,000 BTC, valued at approximately $65.56 million. This sale marks the end of a series of transactions that began on November 26, 2024, where the OG sold a total of 5,000 BTC at an average price of $87,151 per Bitcoin.
The Bitcoin OG originally acquired the 5,000 BTC 12 years ago at a cost of $1.66 million, or $332 per Bitcoin. The total profit from these sales amounts to $434 million, representing a remarkable 262-fold return on the initial investment.
Bitcoin OG Sells Final 1,000 BTC, Realizing $434M Profit
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