Dormant 2013 Bitcoin Wallet Moves $34 Million After 13 Years

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure An early Bitcoin holder has moved approximately 411.45 BTC from a wallet associated with 2013, attracting fresh attention as traders monitor old coins returning to activity. TL;DR: The coins were worth roughly $34 million at recent market prices. A transfer from a dormant address is visible on-chain, but it does not prove that the owner sold the Bitcoin. The wallet’s original activity dates to a period when Bitcoin traded near $131. On that basis, the stash would have cost about $54,000 at the time, although the original owner’s actual acquisition price and history are not independently established merely by a blockchain address. The contrast helps explain why movements from that era attract such interest. Long-dormant coins can stir the market for several reasons. Some observers worry that old holders may sell into exchanges, while others see routine changes to custody arrangements as an equally plausible explanation. Moving Bitcoin from one self-controlled address to another does not put it on an order book or turn it into dollars. The latest transaction has been tracked through pu...