Inactive Bitcoin Wallet Transfers $44 Million Stack
Early this morning, a bitcoin wallet inactive for over a decade transferred its entire stash of 687.33 BTC—worth more than $44 million.
The bitcoins were initially received on Jan. 12, 2014, when each BTC was valued at $917. The motive behind the transfer and the identity of the wallet’s owner remain unknown.
A wallet that has been dormant for 10.3 years transferred all 687.33 $BTC($43.94M) out 10 mins ago.
The whale received 687.33 $BTC($630K at that time) on Jan 12, 2014, when the price was $917.
Address: 15WZNLACuvcDrrBL2btDErJggnaMQtHh5G pic.twitter.com/tEPqM0CrrK
— Lookonchain (@lookonchain) May 6, 2024
Recent months have seen other notable BTC transfers. In March, an address—ranked fifth richest on the Bitcoin blockchain—moved $6 billion after being dormant since 2019.
Additionally, an entity consolidated $140 million in Bitcoins mined in 2010 into a single wallet the same month.
READ MORE: Bitcoin Surpasses One Billion Transactions After 800 Weeks
In January, almost 50,000 dormant BTC were activated shortly after the approval of spot Bitcoin exchange-traded funds in the United States.
Meanwhile, an incident on the Ethereum blockchain saw approximately $71 million worth of wrapped BTC lost in an apparent address poisoning attack.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
