TechFlow reports, July 03, according to monitoring by on-chain analysis platform Lookonchain (@lookonchain), a wallet allegedly linked to renowned venture capitalist Tim Draper deposited 1,000 BTC to Coinbase Prime 7 hours ago, worth approximately $61.82 million; the market speculates there may be an intention to sell.
Reportedly, Tim Draper purchased approximately 29,656 BTC (all from seized Silk Road assets) at a price of about $632 per BTC at a U.S. Marshals Service auction in 2014, with a total cost of approximately $18.7 million. This batch of BTC was once valued at $3.74 billion at its historical peak and is still valued at approximately $1.82 billion based on current prices.
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