More than $60 million worth of Bitcoin moved for the first time in a decade.

Transfer of 1,000 Bitcoin wallet addresses that had been dormant for over 10 years BTC

+3.53%
yesterday — worth more than $62.8 million at current prices.

The wallet address (16v…zEa) sent 500 BTC ($31.4 million) at 9:46 AM (4:46 AM UTC) on Sunday. According to on-chain data, the second address (1DU…fC5) also sent 500 BTC 20 minutes later.

As on-chain analyst Lookonchain points out, each address received 500 BTC, equivalent to just $62,000 on September 12, 2013, when Bitcoin was trading at around $124.

Funds sent from the first address have been split and sent to additional addresses, but funds sent from the second address have not yet been transferred further.

Bitcoin is currently trading around $62,800, according to The Block’s pricing page. This means that the value of the Bitcoin sent has increased more than 500 times since it was received 10 years ago.

The reason for the transfer is still unknown, as is the ownership of the wallet. However, given the identical transfer amounts and the proximity of the transactions, it is reasonable to assume that the 1,000 BTC belong to the same entity.

Recent Bitcoin Whale Movements

Last week, a stack of 687.33 BTC worth over $44 million was also moved for the first time in a decade.

The fifth-richest address on the Bitcoin blockchain moved $6 billion in March, having been dormant since 2019. Another company also consolidated $140 million in Bitcoin mined in 2010 into a single wallet in the same month.

Last January, less than a week after a spot Bitcoin exchange-traded fund was approved in the United States, about 50,000 dormant Bitcoins were awakened.

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