Two early Bitcoin holders, inactive for over a decade, recently transferred tens of millions of dollars’ worth of Bitcoin.
According to Whale Alert, a platform monitoring large cryptocurrency transactions, an old Bitcoin wallet dormant for 10.6 years suddenly became active, transferring 1,004 BTC valued at $56.92 million. Blockchain data shows the Bitcoin was first moved to an unknown wallet and subsequently transferred again to another undisclosed wallet, where it remains.
Bitinfocharts revealed that this investor initially accumulated over $20 million worth of BTC between 2011 and 2013, when Bitcoin’s price was less than $800. Holding for a decade yielded a return on investment exceeding 4,920%.
Another long-term Bitcoin holder moved 20 BTC worth $110,000 after being dormant for over 1.41 years. Blockchain records indicate this Bitcoin was also transferred to an unknown wallet and then moved to another undisclosed destination.
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Bitinfocharts data shows that in April 2013, investors spent $68,000 buying BTC when the trading price was around $80 per Bitcoin, resulting in gains of nearly XNUMX% after XNUMX years.
These Bitcoin tokens have not been moved to known cryptocurrency exchange addresses, suggesting an intent to sell them publicly on the market.
