A wallet suspected to be associated with Tim Draper deposited 1,000 BTC into Coinbase, worth 61.82 million USD

According to monitoring by Lookonchain, a wallet suspected to be associated with Tim Draper (bc1q8...cyhkk) deposited 1000 BTC into Coinbase Prime 7 hours ago, worth 61.82 million dollars. Tim Draper is a well-known venture capitalist who purchased approximately 29,656 BTC in 2014 through an auction by the U.S. Marshals Service (which were assets seized from Silk Road) at a purchase price of about 632 dollars per coin, with a total cost of approximately 18.7 million dollars. The peak value of this batch of BTC was about 3.74 billion dollars, and its current value is approximately 1.82 billion dollars.