Dormant Bitcoin Wallet Moves After 13 Years
A Bitcoin wallet holding 2,100 BTC (worth over $147 million) became active after more than 13 years of dormancy.
The wallet, identified by the address 1NB3ZXx…BQB6ZX, moved 0.00079 BTC (approximately $55.71) at 11:27 a.m. UTC on Friday, a tiny fraction of its total holdings. According to data from Bitinfocharts, the wallet received the 2,100 BTC in a single transaction on July 4, 2012.
At the time, Bitcoin was trading at $6.59, valuing the holdings at about $13,839. The wallet’s value has since increased by more than 10,000x, rising to over $147 million today.
Image credit: Bitinfocharts
This move did not go unnoticed in the crypto community, with many applauding the whale’s patience and others calling it one of the most effective trading strategies.
“13.7 years of silence… just to move $56. That’s not a sell signal — it’s a reminder of what conviction looks like in Bitcoin. From $6 to $75,000, the biggest returns didn’t come from trading… they came from time,” said Andy Wang, CEO of crypto platform HashWhale.
This isn’t the first Bitcoin whale wallet to be reactivated this year. In January, a 13-year-old dormant wallet moved 909 BTC, worth about $85 million, to a new address.
About a week ago, another Bitcoin whale that had been dormant for roughly two years transferred 343 BTC, worth approximately $23.85 million, between Binance and Cobo.
Bitcoin’s Price Action This Month
Despite experiencing significant volatility this month, Bitcoin has posted a net positive month-to-date gain.
Starting the month at around $67,000, Bitcoin dipped to $65,303 before surging to $74,000 days later, and was trading at $69,927 as of March 10. It also reached a peak of $75,988, with some analysts speculating about a potential breakout above $80,000.
According to data from CoinMarketCap, Bitcoin is currently trading at around $69,807, with a 24-hour trading volume of approximately $39 billion and a market capitalization of nearly $1.396 trillion.