On Tuesday, one slumbering bitcoin address finally stretched its legs, sending out 99 BTC—the first activity since Jan. 23, 2014—breaking a silence that lasted 11 years, 7 months, and 25 days.
On that date, BTC was trading for just $822.04 per coin, making the entire pile worth roughly $81,381. Fast-forward to today, and that same stash is flexing at a hefty $11.4 million.
Last two days of dormant BTC wallet spends.
What makes that wallet extra juicy is its backstory: it once hoarded 1,000 BTC, and after dropping 99 BTC, it shipped off the remaining 901 BTC to drain the whole thing dry. According to btcparser.com stats, the first send hopped from a P2PKH (Pay-to-Public-Key-Hash) legacy wallet into a sleeker P2WPKH (Pay-to-Witness-Public-Key-Hash) address.
That same wallet shuffle played out for the 500 BTC transfer, the 400 BTC move, and even the lonely 1 BTC transaction. All of it is still parked in those P2WPKH addresses as of now. Hot on the heels of the bitcoiner who moved 1,000 BTC, another wave of action rippled through the chain.
Between block 915131 and 915143, five 2015-era wallets dusted off their keys and shuffled 81.67 BTC—worth just over $9 million—into motion. Four of the transactions clocked in at 15 BTC apiece, while one went a little bigger with 21.67 BTC. Every last coin made the jump from old-school P2PKH wallets into fresh, unidentified P2WPKH addresses.
From decade-old hoards to long forgotten stashes, these dormant wallets are suddenly wide awake, dragging millions into fresh addresses like they never skipped a beat. Whether it’s profit-taking or new address consolidation, one thing’s clear: bitcoin’s past has a habit of crashing the present in dramatic, wallet-emptying fashion.
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