Dormant Bitcoin Wallet Transfers $45 Million After Nine Years
A Bitcoin wallet inactive since 2016 transferred 534.94 BTC valued at $45 million on March 20, 2025. The transaction, noted for its minimal fee and high privacy rating, highlights the immense appreciation of Bitcoin since its original acquisition. The reasons behind the transfer remain uncertain, fueling speculation within the cryptocurrency community.
On March 20, 2025, a long-dormant Bitcoin wallet established on March 18, 2016, executed its first transfer in nearly a decade, moving 534.94 BTC. Today, this amount equates to approximately $45 million, given bitcoin’s current trading range between $83,880 and $86,000. The movement of these assets was recorded at block height 888,655 using the blockchain analysis tool btcparser.com.
The movement of 534.94 BTC from a dormant wallet highlights the significant appreciation of early Bitcoin holdings, valued at just $222,000 at acquisition. This extraordinary transfer raises questions regarding the intentions behind the action, potentially indicating a renewed interest or strategy. As of now, the consolidated funds remain unchanged, fostering speculation regarding their future use.
Original Source: news.bitcoin.com
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