Bitcoin Dormant Wallets Holding $115M in BTC Make First Move in 13 Years

Two Bitcoin (BTC) wallets that had remained dormant for roughly 13 years have suddenly become active, moving a tiny amount of BTC from holdings worth approximately $115 million.

According to blockchain analytics platform Lookonchain, the wallets transferred 0.0005 BTC, worth around $43, as a test transaction after years of inactivity. The addresses collectively hold 1,346 BTC, making the movement notable despite the relatively insignificant amount transferred.

Notably, the wallets acquired the Bitcoin about 13 years ago for approximately $240,000, when BTC traded at an average price of just $178. At current valuations, the holdings represent a return of roughly 479 times the original investment.

The reactivation adds to a growing list of early Bitcoin wallets that have recently started moving coins accumulated when the cryptocurrency traded for only a few dollars.

Last week, another early Bitcoin wallet moved 20.43 BTC, worth about $1.7 million, after remaining inactive for nearly 15 years, according to a tweet by Galaxy Research.

Moreover, on September 5, twelve wallets containing 50 BTC each moved a combined 600 BTC. The coins were reportedly received as mining rewards in March 2010 and remained untouched for more than 16 years.