Key Points
- Bitcoin wallet addresses dormant for over a decade transferred 1,000 BTC, valued at over $62.8 million.
- The reason for the transfer and the identity of the wallet owners remain unknown.
Bitcoin valued at more than $60 million was recently moved for the first time in 10 years.
This involved Bitcoin wallet addresses that had been inactive for over a decade, transferring a total of 1,000 BTC. The value of this transfer exceeds $62.8 million based on current market rates.
Transfer Details
One wallet address moved 500 BTC, equivalent to $31.4 million, early on a Sunday. Another address moved the same amount just 20 minutes later, according to on-chain data.
Each of these addresses received 500 BTC on September 12, 2013, when Bitcoin was trading at around $124. Therefore, the value of the transferred Bitcoin has increased over 500 times since being received.
The funds from the first address were split and sent to additional addresses, while the funds from the second address have not yet been transferred.
Unknown Ownership
The reason for these transfers and the identity of the wallet owners are still unknown. However, due to the identical transfer amounts and the close timing of the transactions, it is likely that the 1,000 BTC belongs to the same entity.
In recent times, there have been several notable movements by Bitcoin whales. Last week, 687.33 BTC, worth over $44 million, was moved for the first time in a decade.
In March, the fifth richest Bitcoin address, which had been inactive since 2019, moved $6 billion. Another entity combined $140 million in Bitcoin mined in 2010 into a single wallet during the same month.
In January, nearly 50,000 dormant Bitcoin was activated less than a week after Bitcoin exchange-traded funds were approved in the United States.
