I expected he's using some cold storage...
Of course I do. Only ~daily amount of coins is kept online.
Those enormous thousands of BTC are shown because the change is pumped via this address many, many times and it's not related to real sum.
As you may remember, I was among the first miners to support sendmany and included your first transactions in my blocks :)
Generation of my own sendmany TX is coming soon, since I can't remember why I decided not to use them earlier.