In November 2025, billionaire Owen Gunden sold all of his Bitcoin, worth $1,3 billion, and made a huge profit.
Gunden stubbornly held BTC since 2011, but eventually decided to get rid of the coins. According to Arkham data, he began selling the cryptocurrency on an exchange. Kraken Two weeks ago and on November 20, he transferred the last 2,499 BTC worth $240 million to the trading platform. In total, Owen sold 11,000 bitcoins on the market, worth approximately $1,3 billion.
Recent transactions made by Gundeen
In 2011, BTC was trading at just under $12, so Owen’s patience made him rich. By holding onto his digital assets for 14 years, despite numerous pumps and dumps, his realized profits were astronomical, as he managed to multiply his capital by 7,500x or more.
The fact that Owen Gunden sold his Bitcoin isn’t exactly a bullish signal, is it? He clearly exited the market, sending $240 million worth of BTC to Kraken»I bet the whale doesn’t store the coins on the exchange. When the original gangsters dump digital assets, it’s alarming,» a cryptocurrency researcher with the pseudonym «Spirit» rightly noted.