Eight dormant Bitcoin wallets, inactive for over 14 years since 2011, have collectively transferred 80,009 BTC valued at approximately $8.69 billion. The initial acquisition prices of these coins ranged from $0.78 to under $3.50 per BTC. Among these movements, one wallet transferred all 10,000 BTC, worth about $1.09 billion at current valuations, which were originally acquired at $0.78 per Bitcoin on April 3, 2011. These transfers mark the first activity from these wallets since their long dormancy, with the coins moved to new addresses but not sold. The reactivation began with four addresses moving 10,000 BTC each, followed by additional wallets joining the movement. The total portfolio value of the whale behind these wallets is estimated at around $8.6 billion. This activity has attracted attention within the cryptocurrency community, given the wallets' Satoshi-era origins and the substantial value involved.
NEW: A dormant wallet moved 6,000 $BTC ($650M million after 6 years. It first received $BTC in 2019 when the price was ~$9.8K. https://t.co/84BLxpBPIm
Last Friday, over 80K $BTC last active 5+ years ago moved on-chain - a rare event. It marks the third-largest single-day revival of old BTC supply in history. The move occurred at a price of ~$108K, making the #BTC worth over $8.6B at the time. https://t.co/Gr8MGc4Wqu
💥BREAKING: 🐳 A DORMANT WHALE WALLET MOVED 6,000 $BTC ($650M) AFTER 6 YEARS. IT FIRST RECEIVED BTC IN 2019 WHEN THE PRICE WAS $9.8K. https://t.co/qYhchWaifT