Early Bitcoin investor sells final 1,000 BTC after 12-year hold, locking in $434.3M profit

An early Bitcoin investor who had held 5,000 BTC for 12 years sold the final 1,000 BTC about two hours ago, fully exiting the position, according to on-chain analytics firm Lookonchain. The investor bought the 5,000 BTC 12 years ago at $332 per coin for a total of $1.66 million. Sales began on Nov. 26 last year, and the full 5,000 BTC was sold at an average price of about $87,151 per coin. Total proceeds came to about $436 million, generating a profit of about $434.34 million and a return of roughly 262x.