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Bitcoin Wallet Dormant for 12.8 Years Moves 0.25 BTC, Still Holds $53.56 Million

Bitcoin Wallet Dormant for 12.8 Years Moves 0.25 BTC, Still Holds $53.56 Million

Whale Alert reports that a Bitcoin wallet inactive for nearly 12 years has been reactivated, transferring 1,000 BTC valued at about $117 million.

BTC

Fact Check
The statement is strongly supported by the evidence. Source 3 explicitly confirms every detail: a BTC wallet was dormant for 12.8 years, it transferred 0.25 BTC, and it still holds a balance valued at $53.56 million. Source 1 corroborates the dormancy period and the amount moved, while Source 5 corroborates the dormancy period and the approximate total value. Other sources discuss different instances of dormant wallets becoming active.
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Summary

Whale Alert disclosed that a Bitcoin address dormant for 11.7 years has been reactivated, containing 1,000 BTC worth approximately $117 million. The sudden reactivation of such long-inactive wallets often draws attention due to the significant amounts of Bitcoin involved.

Terms & Concepts
  • Bitcoin address: A unique identifier used to send and receive Bitcoin, typically associated with a specific public key or wallet.
  • Whale Alert: A blockchain tracking service that monitors large cryptocurrency transactions and reports significant movements of digital assets.
  • BTC: The ticker symbol for Bitcoin, the first and most widely recognized cryptocurrency.