Key Takeaways
Key Takeaways
- A dormant Bitcoin wallet containing 687 BTC transferred its funds to two different wallets after 10 years.
- 1.75 million Bitcoin wallets have been inactive for over a decade, collectively containing nearly $121 billion.
- Large dormant wallets are occasionally reactivated, with some sending their BTC holdings to new addresses or exchanges.
A Bitcoin wallet from the Satoshi era, inactive for a decade, transferred its entire balance of 687 BTC ($43.9 million) to two separate addresses on May 6.
This event is notable, given the heightened interest in older wallets potentially linked to Bitcoin’s pseudonymous creator, Satoshi Nakamoto.
Significance of dormant wallets
According to Chainalysis, 1.75 million Bitcoin wallets have been inactive for over a decade.
Collectively, these wallets contain 1,798,681 BTC, valued at roughly $121 billion.
Many are thought to hold coins purchased when Bitcoin was priced in double digits.
Previous large transfers
In August 2023, a 14-year-old wallet moved 1,005 BTC.
A similar event occurred in July 2023, with a wallet transferring $30 million in BTC after 11 years.
November 2023 saw three dormant wallets transfer $230 million in BTC after six years.
