Huo Xing Finance reports that on April 18, according to Onchain Lens monitoring, a wallet associated with Tim Draper deposited 150.84 BTC (valued at $11.62 million) into a CEX (likely Coinbase) after holding for one year, incurring a loss of $2.57 million. Billionaire Tim Draper is a renowned venture capitalist who made early investments in unicorn companies such as Tesla, Skype, Coinbase, Ledger, and Tezos.
Billionaire Tim Draper allegedly sells 150.84 BTC worth $11.62M
MarsBitShare
Summary
Tim Draper reportedly sold 150.84 BTC ($11.62M) on April 18, 2026, after a one-year holding period, resulting in a $25.7M loss. The funds were deposited into a CEX, likely Coinbase. Draper, a major investor in Tesla, Skype, and Coinbase, made the move as BTC prices fluctuated amid changing market conditions. The sale occurs as BTC dominance remains a key metric for traders monitoring market sentiment.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.