80,000 Bitcoin Has Now Moved After 14 Years
A long-dormant Bitcoin wallet containing 80,000 BTC, currently worth more than $9 billion, has been reactivated after 14 years, sending ripples through the cryptocurrency community. Originally accumulated during Bitcoin’s infancy, the holdings were transferred in a series of transactions, sparking speculation but little disruption in markets. Dormant Wallet Resurfaces The wallet, inactive since around 2011, is believed to be one of the earliest known Bitcoin addresses. Blockchain data confirms that 80,000 BTC were moved on-chain, all within a short time frame. The entire balance was shifted to a new address, with no immediate signs of distribution to exchanges. A single entity moved $8.6 BILLION of BTC from 8 addresses in the past day. All of the Bitcoin was moved into the original wallets on either 2nd April or 4th May 2011 and has been held for over 14 years. Currently, the Bitcoin is sitting in 8 new addresses and has not been… pic.twitter.com/nm53tVRzLJ ...