Aims. We selected the bluest object, WISE J0725−2351, from Luhman's new high proper motion (HPM) survey based on observations with the Wide-field Infrared Survey Explorer (WISE) for spectroscopic follow-up observations. Our aim was to unravel the nature of this relatively bright (V ∼ 12, J ∼ 11) HPM star (µ = 267 mas/yr). Methods. We obtained low-and medium-resolution spectra with the European Southern Observatory (ESO) New Technology Telescope (NTT)/EFOSC2 and Very Large Telescope (VLT)/X-Shooter instruments, investigated the radial velocity and performed a quantitative spectral analysis that allowed us to determine physical parameters. The fit of the spectral energy distribution based on the available photometry to low-metallicity model spectra and the similarity of our target to a metal-poor benchmark star (HD 84937) allowed us to estimate the distance and space velocity. Results. As in the case of HD 84937, we classified WISE J0725−2351 as sdF5: or a metal-poor turnoff star with [Fe/H] = −2.0 ± 0.2, T eff = 6250 ± 100 K, log g = 4.0 ± 0.2, and a possible age of about 12 Gyr. At an estimated distance of more than 400 pc, its proper motion translates to a tangential velocity of more than 500 km s −1 . Together with its constant (on timescales of hours, days, and months) and large radial velocity (about +240 km s −1 ), the resulting Galactic restframe velocity is about 460 km s −1 , implying a bound retrograde orbit for this extreme halo object that currently crosses the Galactic plane at high speed.