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Shiraz Jagati

Dormant Bitcoin Wallets Send 1,650 BTC ($127M) to Falconx on May 25

On May 25, two unrelated Bitcoin wallets that had been inactive for more than a year transferred a combined 1,650 BTC to institutional prime brokerage Falconx. The amount was valued at about $127 million at the time, with BTC trading near $77,000. The move drew attention because Falconx typically supports institutional custody, lending, and OTC-style execution rather than retail spot selling.