Bitcoin Investor Owen Gunden Deposits 450 BTC to Kraken, Boosting Holdings to 4,900 BTC (~$500M)

According to data from Onchain Lens, on November 13 a notable Bitcoin transfer occurred as veteran investor Owen Gunden moved 450 BTC into Kraken, a transaction valued at approximately $45.7 million at prevailing prices. This action brings Gunden’s reported holdings to 4,900 BTC, with an estimated market value near $500 million, underscoring ongoing whale activity among established holders and the role of regulated venues in custody management.

From a market-data perspective, such transfers illustrate how large holders manage BTC storage and stream liquidity across custody platforms. While a single 450 BTC move may exert limited price impact, the pattern of sizable transfers contributes to the broader narrative around Bitcoin custody and exchange flows. Analysts will monitor subsequent moves for signals on institutional sentiment toward Bitcoin custody and on-chain liquidity, especially when linked to the Kraken ecosystem.

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