Bitcoin wallet dormant since 2011 moves $3.2 million toward FalconX-linked address

A bitcoin wallet that had been dormant since 2011 moved nearly 50 BTC worth about $3.2 million on Thursday, shifting the coins to an address with a history of sending bitcoin to institutional crypto brokerage FalconX.

Shaurya Malwa

Publisher CoinDesk

Aug 7, 2026 at 4:50 AM UTC · Updated 16일 전 · 1 분 소요

Entities

bitcoin

Market Impact

BTC-0.07%$77,248

Last Updated

16일 전

The wallet received the coins on July 16, 2011, when bitcoin traded around $10, and had not spent them since, according to Galaxy Research. The 49.97 BTC position is now worth roughly $3.2 million after surviving more than a decade of bitcoin booms, crashes and exchange failures.

The transaction, included in block 961331 at 20:14 UTC on Aug. 6, combined four inputs from the dormant address totaling 49.97 BTC with two smaller inputs from other addresses. Exactly 50 BTC was sent to a SegWit address, while a second output received about 0.00116 BTC after fees.

SegWit is a newer Bitcoin address format that makes transactions more space-efficient and generally cheaper to send. Addresses beginning with bc1 use it.

The destination is not a fresh wallet, however. Arkham data show the address has been active for several years and previously sent 6.336 BTC and 16.131 BTC to addresses the analytics platform labels as FalconX deposits.

Follow the Story