Crypto•20 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.