Coinbry

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Dormant Bitcoin wallet awakens after 11 years, transferring more than $30M

Dormant Bitcoin wallet awakens after 11 years, transferring more than $30M

– An anonymous Bitcoin whale, who made a purchase in 2011 at $4.92, has seen their investment increase by over 600,000%.

– A dormant Bitcoin wallet holding over 1,037 BTC, worth $31 million, suddenly transferred out its entire stash after 11 years.

– The wallet obtained the BTC in 2012 when the price was only $4.92, making the stash worth around $5,108 at the time.

– The transferred BTC was received by a new wallet address, “bc1qt180…”, which now holds the $31 million.

– The US government has also recently transferred out nearly 10,000 BTC, worth $299 million, in relation to the Silk Road seizure.

– Other mysterious wallet movements have occurred, including a transfer of 1,400 BTC worth $36 million to enhance privacy.

– Over 55% of BTC hasn’t moved in over two years, according to on-chain analytics firm Glassnode.

– BTC’s current price is $30,082, up 81.8% in 2023 but still down 56.4% from its all-time high in November 2021.

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