Someone transferred Bitcoin for the first time since 2013. He earned over $40 million.

Cryptocurrency, which had been dormant for nearly a dozen years, has risen in price by 185 times.

The unknown owner of a Bitcoin wallet containing approximately 400 BTC (approximately $44.4 million) transferred all of his coins for the first time since November 2013. Over nearly 12 years, the value of the coins has increased 185-fold.

On the night of September 29, all cryptocurrency—400.08 BTC, worth $44.48 million—was withdrawn from the “whale” address. The coins were distributed among 27 other addresses. Twenty-six of them received 15 BTC each, and one more received 10 BTC.

The owner received these bitcoins in November 2013 at a rate of approximately $599 per coin. At that time, the value of 400.08 BTC was $239,800.

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It's unknown who was behind the 400 bitcoin transfer. The wallet balance is empty. The profit from the Bitcoin price increase at this address amounted to $44.2 million.

This summer, Bitcoin reached new all-time highs. The peak was recorded in August at over $124,000, but early Bitcoin holders began recording Bitcoin transfers as early as July. The value of coins for those who purchased them more than 10 years ago has increased hundreds of times.

The owner of a group of wallets that had held over 80,000 BTC (over $9 billion) since 2011 began transferring the coins in early July, which were then sold through the crypto broker Galaxy Digital. Another group of addresses was used to withdraw $30 million worth of bitcoin, untouched since 2010.

In early September, the unknown owner of a wallet holding 444 BTC (over $50 million) made its first transaction since November 2012. A week later, another unknown owner of a wallet holding 1,000 BTC (over $116 million) transferred all of their coins for the first time since 2014.

Source: cryptonews.net