A Bitcoin wallet that had been dormant for 13 years started to act today for the first time. According to onchain data, some of the 444.81 BTC (approximately $50.7 million) held in the wallet was transferred.
According to data from blockchain explorer Mempool, a total of 137.03 BTC ($15.6 million) was sent at 2:27 PM. According to Arkham tagging, 132 BTC were transferred to a new address, while 5 BTC were deposited into the Kraken exchange.
The address in question was last active on November 26, 2012. During that period, 137.03 BTC was transferred, and the wallet’s total balance of 444.81 BTC was worth only $5,437. According to Onchain Lens, the price of Bitcoin at the time was $12.22. Today, Bitcoin is trading at approximately $114,025, meaning the value of the transferred amount has increased 9,300-fold in 13 years.
The reason for the transactions and the identity of the wallet owner are unknown, but the small amount of Kraken transfers may indicate a potential sale preparation.
The original address still holds approximately 307.79 BTC ($35.1 million).
*This is not investment advice.