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Dormant Bitcoin Wallets Move $33.8 Million in BTC After 13 Years of Inactivity

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BTCUSD$81,601.57 0.27%USDTUSD$0.9987 0.00%

Two long-dormant cryptocurrency wallets moved 416.6941 Bitcoin (BITSTAMP:BTCUSD) worth approximately $33.82 million into a single wallet address on October 18. The transfers originated from two separate accounts that had shown no activity for over a decade.

One address, inactive for 13 years, shifted 167.8402 Bitcoin valued at $13.62 million. A second address, dormant for 12 years, transferred 248.8539 Bitcoin worth $20.20 million. Originally acquired for a combined total of roughly $105,400, the holdings surged in value by about 321-fold, generating a total gain of $33.71 million over the hold period.

Large movements from early crypto holders often attract market attention, as consolidation or potential sales can influence short-term liquidity. With Bitcoin trading around $81,550 to $81,760, market participants will be monitoring whether these newly consolidated funds remain in long-term storage or move toward active liquid exchanges.

Key points

  • Two dormant Bitcoin wallets transferred a combined 416.6941 BTC worth $33.82 million to a single destination address.
  • One wallet held 167.8402 BTC untouched for 13 years, while the second moved 248.8539 BTC after 12 years of inactivity.
  • The combined holdings originally cost about $105,400, representing a 321-fold value increase of $33.71 million.
  • Bitcoin traded around $81,550 to $81,760 following the transfer movement.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

How much Bitcoin was transferred from the dormant wallets?

A total of 416.6941 Bitcoin worth approximately $33.82 million was transferred across the two inactive wallets.

How long were the Bitcoin wallets inactive?

One wallet remained inactive for 13 years before transferring 167.8402 BTC, while the second wallet was dormant for 12 years before moving 248.8539 BTC.

How much did the value of the Bitcoin increase?

The holdings were originally worth about $105,400, reflecting a 321-fold value increase with net gains of approximately $33.71 million.