On October 22, 2025, the China-based Lubian Mining Pool executed a major Bitcoin transaction, moving 15,959 BTC valued at approximately $1.83 billion across four distinct wallets. Blockchain data revealed the distribution included 4,999 BTC ($539.76 million) to address bc1qs8, 4,999 BTC ($539.76 million) to 3JX2dH, 3,424 BTC ($369.7 million) to 1cpnxU, and 2,535 BTC ($274.36 million) to 1G9FZS.
This event represents the second large-scale Bitcoin movement by Lubian in under two weeks, following a transfer of 11,886 BTC worth $1.3 billion on October 15, 2025. The timing has sparked speculation about defensive repositioning amid U.S. Department of Justice enforcement actions or potential liquidation strategies. No official statement has been issued by Lubian, leaving motives unclear and community reactions cautious.
Lubian's history includes a massive theft in December 2020, where 127,426 BTC (initially $3.5 billion, now nearly $14.5 billion) was stolen due to vulnerabilities in its private key generation system. The pool's controller, Chen Zhi, remains at large, and involved addresses are sanctioned. Analysts note that such large transactions have historically preceded Bitcoin price volatility, with current market conditions showing Bitcoin trading around $108,000 after a reversal from $114,000.
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