---
title: "Mt.Gox Bitcoin Whale Awakens With 410,624% Profit and Hits Binance"
description: "An early Bitcoin investor, who held a stash from Mt. Gox for 13 years, has moved 300 BTC worth approximately $33.47 million to Binance, realizing a profit of over 410,624%. This move comes amid a vola"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/260790547.md"
published_at: "2025-10-12T13:34:00.000Z"
---

# Mt.Gox Bitcoin Whale Awakens With 410,624% Profit and Hits Binance

> An early Bitcoin investor, who held a stash from Mt. Gox for 13 years, has moved 300 BTC worth approximately $33.47 million to Binance, realizing a profit of over 410,624%. This move comes amid a volatile market where Bitcoin recently dipped to $100,600 before recovering to $111,900. The investor's actions signal that dormant coins are still in circulation, potentially impacting the market significantly.

Thirteen years is a long time to do nothing, yet one early Bitcoin player has managed exactly that, sitting on a stash pulled from Mt.Gox back when the entire pile was barely the price of a used car, and now, with the market shaken and traders scrambling, he finally twitched as revealed by Lookonchain.

A single push sent 300 BTC — about $33.47 million — into Binance, and that’s not a paper gain, that’s the kind of move that rewrites the math on why anyone ever called this "magic internet money."

The numbers are absurd: Coins bought at $11, total withdrawal worth $8,151 back then, now marked up by more than 410,624%, and that’s before counting the remaining 590 BTC still sitting in the original cluster of addresses.*Arkham*">

This wasn’t random wallet rotation either. Last year he shuffled 159 BTC into a new wallet and left it untouched. This time is another — actual coins in the exchange wallet, sell button within reach, history folding into the present in one click.

**Bitcoin market under pressure**

The market background is what is even more important here as BTC just took a violent trip down to the $100,600 zone before bouncing back toward $111,900, liquidations piling up $16 billion minimum, traders wiped big time, leverage drained.

Into that mess drops an OG with coins older than most exchanges, and whether he sells it all or just part, the signal is already out: The old supply isn’t gone, and the potential damage is immeasurable, as these coins lie dormant deep within the blockchain.

### Related Stocks

- [GBTC.US - Grayscale Bitcoin Trust BTC - ETF](https://longbridge.com/en/quote/GBTC.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Binance Converts $1 Billion SAFU Fund Into Bitcoin | Binance has converted its entire $1 billion Secure Asset Fund for Users (SAFU) into Bitcoin, purchasing 4,545 BTC and br | [Link](https://longbridge.com/en/news/275969199.md) |
| Binance shifts $1B SAFU fund into Bitcoin – Is BTC’s bottom forming? | Binance has converted its $1 billion SAFU Fund into Bitcoin, acquiring 4,545 BTC, reinforcing its belief in BTC as a lon | [Link](https://longbridge.com/en/news/275851280.md) |
| Bitcoin Bear Market Could Drag On for Months as ETF Demand Stays Negative | Bitcoin is currently trading at $69,781, down over 44% from its all-time high. Institutional demand for Bitcoin through  | [Link](https://longbridge.com/en/news/275981554.md) |
| Which sectors performed best during the Spring Festival? A review of BTC and A-share data during the Spring Festival of 2011. | The analysis compares the performance of A-shares and Bitcoin (BTC) during the Spring Festival, highlighting their indep | [Link](https://longbridge.com/en/news/276048849.md) |
| ‘Go Bitcoin Today,’ Michael Saylor Says— A Warning On Broken Money | Michael Saylor urges immediate investment in Bitcoin, stating that fiat money is in decline. His firm, Strategy, holds 7 | [Link](https://longbridge.com/en/news/275976104.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.