- An inactive Bitcoin wallet holding 400 BTC, valued at over $44 million, moved funds after 12 years.
- The wallet had not seen any activity since November 2013, when Bitcoin was priced at about $720.
- The price of Bitcoin has increased by approximately 16,000% since the wallet’s initial funding.
- Satoshi-era wallet movements have risen as Bitcoin trades above $100,000.
- Analysts often interpret old wallet activity as possible intent to sell large amounts of Bitcoin.
A Bitcoin wallet containing 400 BTC — now worth over $44 million — has become active for the first time in more than a decade. The wallet moved its funds on Sunday, marking the first transaction since November 2013.
According to data from Arkham Intelligence, the coins remained untouched for 12 years until this transaction. The initial deposit happened when Bitcoin was trading at around $720. As of now, the asset is valued above $114,000 per coin, reflecting a nearly 16,000% increase in value.
The identity behind the wallet remains unknown, as the blockchain does not include personally identifiable details. Historically, such old addresses with significant amounts of Bitcoin often belong to early miners who used personal computers to generate new coins. Today, Bitcoin mining involves large warehouses of specialized machines.
A growing number of these long-term holders, called “whales,” have begun moving coins as Bitcoin stays above $100,000. According to the report, “Such moves have, in the past, spooked markets, as traders largely interpret such reactivations of old wallets as an intention to sell off the stash.”
Recent predictions on Myriad show that 58% of market participants expect Bitcoin to reach $125,000 rather than fall to $105,000.
In July, another large holder, or “whale,” sold over 80,000 Bitcoin after holding for 14 years. Galaxy later confirmed it handled the sale for an unidentified early investor, as detailed in their official announcement.
Early Bitcoin mining could be done using ordinary computers, but it now requires advanced operations. The movement of large, long-inactive addresses continues to attract attention as Bitcoin prices remain high.
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