461,981% Gain: Satoshi-Era Bitcoin Address Awakens After 15 Years

A Bitcoin address that had remained untouched for more than 15 years has suddenly become active.

According to Galaxy Research, the address contains 8.54 $BTC (roughly $538,000 at current prices). It moved its holdings in block 962770.

The Bitcoin had remained dormant since it was first received on June 13, 2011. The wallet had remained inactive for over 15 years.

The transaction generated an extraordinary realized gain of about $538,000. This is an estimated increase of 461,981% from the address's acquisition cost. Galaxy Research put the original basis at approximately $14 per $BTC.

Even though it is highly unlikely that the coins are related to Satoshi Nakamoto, the pseudonymous creator of the original cryptocurrency, it is rather notable that the address was created just months after whoever was behind the creation of $BTC left their last post on social media.

Other recent whale transfers

There have been other notable whale transfers over the past month. Whale Alert reported on Aug. 12 that a dormant pre-mine Ethereum address containing 2,680 $ETH was activated after 11 years. The coins were worth approximately $5.05 million at the time.

Three days earlier, another Ethereum pre-mine address containing 2,000 $ETH was activated after roughly 11 years. Those holdings were valued at about $3.84 million.