Dormant Bitcoin Wallet from 2011 Reactivated with $442 Million in BTC

A miner wallet holding 4,000 BTC (approximately $442 million) moved 150 BTC ($16.6 million) after 14 years of dormancy, according to Lookonchain data. The wallet, identified as 18eY9o, was first funded in 2009 and consolidated in 2011. This activity aligns with a broader trend of early Bitcoin holders moving or selling coins after prices surpassed $100,000. Bitcoin OG Nicholas Gregory warned that older Bitcoin addresses using early public key formats could be susceptible to quantum computing attacks, prompting some holders to transfer funds to safer wallets. Earlier this year, another early whale sold 80,000 BTC through Galaxy Digital, signaling profit realization by long-term holders.

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