Bitcoin Old Coins Move Again as 2011 Wallet Records 503,000% Price Gain

A Bitcoin address that had remained untouched since 2011 moved 10 BTC on Aug. 29, adding to a notable burst of activity among some of the network’s oldest holdings.

The coins were transferred in Bitcoin block 964,539 at about 07:34 UTC after sitting dormant for roughly 15.2 years. Blockchain records show the block was mined by Foundry USA and contained 4,682 transactions.

The wallet initially received the Bitcoin on June 17, 2011, when BTC traded near $15 per coin. By the time of the latest transfer, the 10 BTC were valued at approximately $777,000, according to Galaxy Research data cited by several industry publications.

That price change works out to an increase of roughly 503,000% from the estimated 2011 acquisition level. The figure should not, however, be interpreted as confirmed realized profit: moving coins between wallets does not establish that they were sold.

August Brings a Cluster of Dormant Bitcoin Transfers

The transaction is part of a broader pattern that has emerged in August, with several addresses holding Bitcoin for more than a decade becoming active.

Earlier in the month, 85 BTC dating back to December 2012 moved after approximately 13.6 years. That position was worth about $5.4 million when transferred. Other transactions included 8.54 BTC originating from June 2011 and 10.74 BTC received during the same month.