On Monday, as Bitcoin began to recover from a recent dip to $52,546, an old Bitcoin wallet suddenly became active. For the first time since November 20, 2013, the wallet moved 146.43 BTC, now worth just over $8 million.
Old Bitcoin Wallet Transfers 146 BTC After Nearly 11 Years of Dormancy
A Bitcoin address that had been inactive since its first activation on November 20, 2013, recently transferred 146.43 BTC.
This is the largest transfer of inactive BTC recorded for September so far, according to btcparser.com. The funds, originally held in a Legacy Pay-to-PubKey-Hash (P2PKH) address, were sent to another address of the same type.
Blockchair’s privacy tool rated the transaction with a “low” score of 45 out of 100.
This low rating is attributed to the address being swept and the same address appearing multiple times in the entries. Interestingly, before the 146.43 BTC transfer, a smaller transaction of 10.27 BTC was made from a wallet created on November 28, 2013.
The 10.27 BTC transfer was confirmed in block 860,586, while the larger sum was moved to block 860,607. The wallet holding 10.27 BTC had accumulated this balance gradually, starting with an initial deposit of 1 BTC on November 28, 2013.
Like the larger transfer, this transaction was also a sweep, with the sender using the same address for both receiving and change and appearing multiple times in entries.
Blockchair’s privacy tool rated the 10.27 BTC transaction with a score of zero out of 100. Given that both wallets were created in November 2013, they likely belonged to the same person.
However, the peculiar way the initial smaller transfer was spent resulted in a lower privacy score, suggesting the possibility of a different owner, with the shared creation date possibly being a coincidence.