{"id":20876,"date":"2023-05-12T22:39:24","date_gmt":"2023-05-12T22:39:24","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/3-7m-worth-of-btc-suddenly-moves-after-close-to-12-years-of-dormancy-bitcoin-news\/"},"modified":"2023-05-12T22:39:24","modified_gmt":"2023-05-12T22:39:24","slug":"3-7m-worth-of-btc-suddenly-moves-after-close-to-12-years-of-dormancy-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/3-7m-worth-of-btc-suddenly-moves-after-close-to-12-years-of-dormancy-bitcoin-news\/","title":{"rendered":"$3.7M Worth of BTC Suddenly Moves After Close to 12 Years of Dormancy \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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On May 11, 2023, a long-inactive bitcoin wallet sprang to life and transferred a substantial 139.7 bitcoin worth $3.7 million. The address, established on June 19, 2011, has contributed to the year\u2019s total of 1,125.37 bitcoin moved from dormant 2010 and 2011 wallets.<\/strong><\/p>\n

139.7 Bitcoin Worth $3.7 Million Suddenly Moves From Idle Wallet<\/h2>\n

A vintage wallet created on June 19, 2011, suddenly relocated 139.7 BTC<\/a>, equivalent to $3.7 million at the time of transfer, on Thursday, May 11, 2023. Btcparser.com flagged<\/a> this activity, which was confirmed at block height 789,291<\/a> at 8:14 p.m. (UTC). Shortly before that date \u2014 April 24 \u2014 the last 2011 bitcoin transfer from a dormant wallet took place and involved shifting 400 BTC<\/a> at block height 786,801. The wallet that received the 139.7 bitcoin still holds the funds as of May 12, 2023, at 9:00 a.m. (ET).<\/p>\n

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The recipient of the 139.7 BTC<\/a> still holds the funds. The corresponding bitcoin cash (BCH<\/a>) associated with the address remains dormant.<\/figcaption><\/figure>\n

Throughout this year, inactive wallets from both 2010 and 2011<\/a> have collectively transmitted a whopping 1,125.37 BTC<\/a> valued at around $30 million under current Bitcoin exchange rates. The address responsible for dispatching the aforementioned 139.7 BTC<\/a> initially received a slightly smaller sum of 134.669 BTC<\/a> back on June 19, 2011. By July 13 of the same year, it accumulated another batch of coins \u2014 5.04 BTC<\/a> \u2014 followed by several minuscule deposits referred to as \u201cdust transactions\u201d amounting to roughly 0.00000547 BTC<\/a> each.<\/p>\n

The recent transaction involving the transfer of 139.7 BTC<\/a> received a moderate privacy score of 45 out of 100 according to Blockchair\u2019s privacy-o-meter tool<\/a>. It faces two issues: its entire balance was communicated to another address and multiple iterations of the same address appeared in inputs. These issues are not severe but they can be traced by monitoring applications examining linked transactions. Additionally, the corresponding<\/a> bitcoin cash (BCH<\/a>) associated with the wallet has not been spent.<\/p>\n

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Bitcoin<\/a>, Blockchain<\/a>, crypto resurgence<\/a>, Cryptocurrency<\/a>, decentralized finance<\/a>, Digital Assets<\/a>, dormant addresses<\/a>, dormant wallets<\/a>, financial mysteries<\/a>, Market Trends<\/a>, vintage wallet<\/a>, wealth transfer<\/a><\/div>\n<\/div>\n

What do you think about the long-dormant bitcoin wallet that woke up after close to 12 years of slumber? Share your thoughts about this subject in the comments below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, Blockchair<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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