Someone Transferred Bitcoins That Had Been Untouched For 13 Years. Their Price Has Increased 9,300 Times

Unknown owner of $50 million in cryptocurrency makes first transaction since November 2012

The unknown owner of a Bitcoin wallet containing 444.81 BTC (worth about $50.7 million at the current rate) made the first transaction since November 2012. Over the past 13 years, the value of these coins has increased thousands of times.

On September 11, 137.03 BTC worth $15.6 million were transferred from the “whale” address. The owner received exactly the same amount of bitcoins almost 13 years ago at a rate of $12.22 per coin, when they were valued at $1,674. These bitcoins have increased in price by 9,339 times during storage.

132 BTC were sent to a new wallet, and 5 BTC were sent to the Kraken exchange, according to Arkham. The reason for the transfers remains unknown, as is the identity of the wallet owner, although the transfer of some coins to a crypto exchange may indicate a sale.

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The whale's main wallet still contains 307.79 BTC (about $35.1 million). Both the transferred and remaining bitcoins were received at this address in 2012 and were then worth a total of about $5.3 thousand. The profit from the growth of the bitcoin rate on this wallet amounted to $50.7 million.

Since July, there have been numerous cases of early Bitcoin holders “awakening.” For example, $30 million worth of Bitcoin, untouched since 2010, was withdrawn from a group of wallets and received by the owner at a rate of about $0.14.

The owner of another group of wallets, which had been storing more than 80,000 BTC (over $9 billion at the current rate) since 2011, began moving funds en masse, which were then sold through the crypto broker Galaxy Digital. One of the versions discussed in the community is the possible connection of these wallets to the pioneer of the crypto industry Adam Back.

Source: cryptonews.net