Tags in this story
Bitcoin, Blockchain, crypto-resurgence, Cryptocurrency, decentralized finance, Digital Assets, dormant addresses, dormant wallets, financial mysteries, market trends, vintage wallet, wealth transfer
$3.7M worth of BTC suddenly moves after nearly 12 years of dormancy – Bitcoin News
On May 11, 2023, a long-inactive bitcoin wallet came alive and transferred a significant 139.7 bitcoins worth $3.7 million. The address, established on 19 June 2011, has contributed to this year’s total of 1,125.37 bitcoins being moved from dormant 2010 and 2011 wallets.
139.7 Bitcoins worth $3.7 million are suddenly moved from an idle wallet
A vintage wallet created on June 19, 2011 suddenly moved 139.7 BTC, equivalent to $3.7 million at the time of the transfer, on Thursday, May 11, 2023. Btcparser.com flagged this activity, which was confirmed at block height 789,291 at 8:14:00 (UTC ). Just before that date – April 24 – the last bitcoin transfer of 2011 from a dormant wallet took place and involved the exchange of 400 BTC at block height 786,801. The wallet that received 139.7 bitcoin still holds the funds as of May 12, 2023 , at 9:00 a.m. (ET).
Throughout this year, inactive wallets from both 2010 and 2011 have collectively transferred a whopping 1,125.37 BTC worth around $30 million at current Bitcoin rates. The address responsible for sending the aforementioned 139.7 BTC initially received a slightly smaller sum of 134.669 BTC back on June 19, 2011. By July 13 of the same year, it accumulated another batch of coins – 5.04 BTC – followed by several small deposits referred to as “dust transactions” amounting to approximately 0.00000547 BTC each.
The recent transaction involving the transfer of 139.7 BTC received a moderate privacy score of 45 out of 100 according to Blockchair’s privacy-o-meter tool. It faces two problems: the entire balance was communicated to a different address and multiple iterations of the same address appeared in inputs. These problems are not serious, but they can be detected by monitoring applications that examine linked transactions. Additionally, the corresponding bitcoin cash (BCH) associated with the wallet has not been spent.
What do you think of the long-dormant bitcoin wallet that woke up after nearly 12 years of sleep? Share your thoughts on this topic in the comments below.
Image credit: Shutterstock, Pixabay, Wiki Commons, Blockchair
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or recommendation of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on content, goods or services mentioned in this article.
