EL7.AI
CryptoUpdated×2•Originally published 20 October 2026•Updated 21 October 2026•
1 min read

Dormant Bitcoin Wallet Moves 500 BTC Worth $41M to Coinbase Prime

Key Facts

1A dormant Bitcoin wallet from 2016 transferred 500 BTC worth approximately $41.52 million.
2The funds, reportedly belonging to a convicted Irish drug dealer, were sent to Coinbase Prime.
3Bitcoin's price was trading above the $82,000 level at the time of the transfer.

A dormant Bitcoin wallet from 2016 transferred 500 BTC worth approximately $41.52 million. u.today reported that the funds, belonging to convicted Irish drug dealer Clifton Collins, were sent to Coinbase Prime. According to news.bitcoin.com, Bitcoin's price was trading above the $82,000 level at the time of the transfer on October 20, 2026.

Coinbase Global Inc (COIN) closed at $168.45 on October 19, 2026. The transfer occurred during a period of significant price action for the cryptocurrency, with Bitcoin hitting a daily peak of $83,335 on October 20, 2026, as reported by news.bitcoin.com.

Latest Updates · 2

  1. Notable·

    Update: Additional reports reveal that the 500 BTC transferred are part of a larger 6,000 BTC fortune linked to Clifton Collins. These assets were previously considered inaccessible or lost for over a decade prior to this recent wallet activity.

  2. Notable·

    Update: This transfer marks the fifth batch of its kind moved during 2026 from wallets linked to Clifton Collins. Approximately 3,500 BTC remain in these wallets following the latest transaction on October 20, 2026.

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