Dormant Satoshi-Era Wallet Moves $9.6M Bitcoin After 11 Years

Dormant Satoshi-Era Wallet Moves $9.6M Bitcoin After 11 Years

A Bitcoin BTC/USD address that had been dormant for over a decade suddenly came to life on Wednesday.

What happened: Address ‘1MMXRA‘ on October 1, 2012, held 412.12 BTC which, when combined, was only worth $8 at the time. These BTCs were accumulated through four separate transactions.

The address decided to empty its wallet at $23,000 apiece. Translated to today’s prices, this move represents a staggering $9.6 million in value, a whopping 120,000,000% return.

See more: Best Indian Apps That Offer Bitcoin, NFT Rewards

Earlier last week, a large Bitcoin whale transferred 13,369 BTC worth $311 million from a wallet unknown to another. The transaction was attributed to one of the top 65 Bitcoin wallets, according to BitInfoCharts. The wallet was used for both sending and receiving funds.

Price Action: BTC was trading at $22,920, down 1.70% in the past 24 hours, according to Benzinga Pro.

Read more: Bitcoin, Ethereum, Dogecoin Slip Amid Staking Ban Rumors: Analyst Sees Apex Crypto Losing Love After Valentine’s Day Inflation Report

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