A Bitcoin wallet inactive since February 2012 has transferred 119 BTC ($6.8 million) in two transactions to a new address, as noted by Whale Alert.
? A dormant address containing 119 #BTC (6,992,389 USD) has just been activated after 12.4 years (worth 599 USD in 2012)!https://t.co/yk2qe3UUQ0
— Whale Alert (@whale_alert) July 4, 2024
Initially, the wallet transferred 76 BTC ($4.4 million). A related transaction involving 43 BTC ($2.5 million) remained unconfirmed at the time of writing.
The last transaction by the owner was on February 28, 2012, when 2.98 BTC ($15 at the time) were sent, and the 199 BTC balance was valued at $600.
With the current Bitcoin price at $57,900, the coins have appreciated 11,487 times over this period.
Earlier, on July 2, dormant 33.99 BTC, inactive since June 2011, were moved. An unknown owner distributed assets worth over $2.1 million between two addresses.
Previously, a miner transferred 50 BTC, earned from a block mined on July 14, 2010, to Binance.