Major Bitcoin Wallet Reactivated After 12 Years

A Bitcoin wallet that had lain dormant since acquiring 306 BTC in late March 2013 has been reactivated, with the owner splitting the holdings between two new wallets, according to blockchain data. Initial transactions for 306 BTC were made for approximately $23,700. Now, with Bitcoin valued at over $115,200, the total worth of this stash has surged to about $35.3 million — a staggering return of nearly 1,500 times the original investment. Until now, this wallet had seen no significant activity since its initial purchase. The holder transferred 200 BTC to one wallet and 106 BTC to another, neither of which had any transaction history before this. The identities of the wallet owners remain unknown. This transfer is part of a recent trend where early Bitcoin adopters are reactivating their wallets. For instance, on July 23, wallets linked to a prominent whale moved Bitcoin worth $1.26 billion after years of inactivity. Also, a wallet that had been dormant since 2011 shifted $460 million in BTC on July 24. Some analysts suggest that early adopters might be cashing out as Bitcoin approaches its all-time high, currently trading at $115,300, according to The Block's Bitcoin Price page. Disclaimer: The Block is an independent media organization delivering news and analysis. As of November 2023, Foresight Ventures has a majority stake in The Block and invests in other crypto-related companies. Despite this, The Block operates independently, providing unbiased and timely insights into the cryptocurrency sector. Here are our financial disclosures.