Infamous Satoshi-Era Billionaire Unleashes $244 Million Bitcoin Deposit on Major US Exchange

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Owen Gunden is once again on blockchain radar, and once again, it is the spot Bitcoin market that gets all the attention, as one of the best known Satoshi-era billionaires moves a fresh tranche of coins straight onto a major U.S. exchange, Kraken. Advertisement According to Arkham’s intel dashboard and Onchain Lens , a mysterious investor deposited 2,401 BTC more into Kraken, a single transfer worth $244.96 million that landed just a few hours ago. Earlier this month, his addresses were already causing panic among crypto market participants; with big internal jumps between legacy wallets, several thousand BTC were moved around in what looked like consolidation of an old treasury rather than routine trading activity. HOT Stories Morning Crypto Report: XRP ETF to Launch Today? Nasdaq Certifies Listing, Top Trader Predicts Bitcoin Price Plunge to $86,000, Vitalik Buterin Signs Trustless Manifesto Bitcoin Treasury Giant Metaplanet Sinks 7% as Japan Eyes Crypto Hoarding Clampdown Crypto Market Prediction: Shiba Inu (SHIB) Volumes Hit Zero, XRP's New Reality at $1, Is Bitcoin (BTC) in Useless Uptrend? Big Day for XRP Coming, Shiba Inu (SHIB) Gains Utility in $2 Trillion Market, Scam Alert from Binance’s CZ — Crypto News Digest Owen Gunden has deposited 2,401 $BTC , worth $244.96M, into #Kraken , 3 hours ago. Owen still holds 2,499 $BTC , worth $258.58M. https://t.co/fjqIGflm7B https://t.co/xYkVYFjpy1 pic.twitter.com/eHMm54t6Am — Onchain Lens (@OnchainLens) November 13, 2025 However, until today, most of those flows stayed inside Gunden's own ecosystem. Now, with 2,401 BTC actually landing on Kraken and the remaining balance still sitting at 2,499 BTC — around $258.58 million at current prices — the story naturally turns from "whale is reorganizing" to "whale is actively getting ready to sell." Advertisement Satoshi-era market Onchain Lens, the account that first highlighted the move, treats Gunden as a textbook example of how little supply early adopters need to move in order to set the tone for the day. These are not ETF flows, not market-maker inventory, but coins that were accumulated when Bitcoin was trading for double or even triple digits, long before derivatives or structured products existed. You Might Also Like Thu, 11/13/2025 - 05:21 Bitcoin Treasury Giant Metaplanet Sinks 7% as Japan Eyes Crypto Hoarding Clampdown By Alex Dovbnya Even though Bitcoin now trades above $103,000 with deep liquidity on paper, a deposit of a quarter of a billion dollars from a Satoshi-era billionaire into a single U.S. venue is still enough to make traders question who controls the next big move: the new institutional money or the old wallets that could wake up at any time. #Bitcoin #Bitcoin News