An on-chain tracker says the address acquired 80 BTC roughly four months ago for about $5.2 million, averaging around $65,000 per BTC, and it carried an unrealized profit of approximately $1.38 million at one point, according to Lookonchain.

Odaily adds that the same address bought a Ledger hardware wallet from reseller CryptoBillis about a week earlier and transferred all 80 BTC to the device, after which the holdings were described as completely lost.