12-Year-Old BTC Whale Transfers 500 BTC; Digital Asset Seeks $300M at $20B Valuation

KuCoinFlash

Release Time: 05/11/2026 04:02:31

BTC

$78,840.30-1.18%

Summary

Digital asset news emerged as a 12-year-old BTC whale transferred 500 BTC on May 11 (UTC+8), according to MetaEra. Separately, Digital Asset is in discussions for a $300 million funding round at a $20 billion valuation, with a16z crypto potentially leading. The BTC update shows no significant price movement resulting from the whale’s activity.

ME News update, May 11 (UTC+8): German company Singularity Express highlights:

1. Whale Activity: An address that had been dormant for 12 years was activated early today and transferred all 500 BTC.

2. Institutional financing: Reports indicate that Digital Asset is seeking $300 million in funding at a $2 billion valuation, with a16z crypto potentially leading the round.

3. Popular sectors: OSMO (+57.96%) and SUI (+24.98%) showed strong performance on the token gain leaderboard; within the crypto rotation, the Polkadot ecosystem (+3.44%) remained active.(Source: Desun)

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