More than half a billion dollars of Bitcoin (BTC) have gone into action after being inactive for more than seven years.



More than half a billion dollars of Bitcoin (BTC) have gone into action after being inactive for more than seven years.


According to the Dailyhodl report, the mentioned BTC cache consisted of 10,000 BTC worth about $ 570 million at the time of writing. According to the blockchain data tracking bot BTCparser, the Bitcoin in question was stored in two separate wallets, each containing 5000 BTC, on August 11, 2013.


The first wallet, with a total of 27 transactions going back to 2013, transferred 5000 BTC to a wallet of unknown origin. The second wallet, with a total of 28 transactions dating back to 2013, moved 5000 BTC to another unknown wallet.


The relevant addresses have historically carried nearly the same amount of cryptocurrency at the same dates, strongly indicating that 10,000 BTC belonged to the same old whale. It also seems that 10,000 BTC has been idle since August 11, 2013.


New wallets currently holding BTC do not seem to have known connections with crypto institutions or exchanges where they can be sold or exchanged on the open market.


When the original wallets were created, Bitcoin was traded around $ 330, earning its owner more than 17,000% in seven years.