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Dormant Bitcoin Wallet Transfers $84.6 Million After 13 Years of Inactivity
Bitcoin Wallet Activity
- A Bitcoin wallet from the Satoshi era transferred 909.38 BTC to a new address on January 19, valued at approximately $84.6 million.
- The wallet originally received Bitcoin in 2013 when BTC was below $7, marking a 13,900x gain.
- No BTC was sent to exchanges, indicating a possible wallet restructure rather than a sell-off.
- Analysts suggest the new wallet could be used for off-chain settlements or synthetic exposure sales.
Dormant Wallet Trend
- There is a trend of long-inactive Bitcoin wallets becoming active again, with over $50 billion worth of BTC moved in 2025.
- Some of these coins were later sold, impacting market supply.
- Early investors may have split large balances into multiple wallets, allowing them to move without drawing attention.
Security and Future Risks
- Security concerns may prompt early Bitcoin holders to move coins due to older wallets exposing public keys.
- Future risks from quantum computing attacks on Bitcoin’s signature system are being discussed, though they are considered years away.
- Moving coins into newer wallets can reduce long-term security risks.
- Despite old wallets moving, large holders continue to buy Bitcoin, increasing holdings by 33% over two years.