6-year dormant wallet moves $649M in Bitcoin
2025-07-08 12:23:23
Main Idea
A Bitcoin whale transferred 6,000 BTC worth $649 million after a six-year hiatus, following another significant transaction involving a dormant wallet from 2011 that moved $1 billion worth of BTC.
Key Points
1. A Bitcoin whale transferred approximately 6,000 BTC, worth around $649 million, after holding them since July 25, 2019.
2. The initial investment of $58.77 million in 2019 grew to $649 million, representing a 1,004% return.
3. Another dormant wallet from 2011 moved Bitcoin worth approximately $1 billion, originally acquired for $7,805 when BTC was priced at $0.78 per coin.
4. The transactions highlight significant returns from long-term Bitcoin holdings and have sparked speculation in the crypto community.
Description
A Bitcoin ( BTC ) whale has emerged from a six-year hiatus, transferring approximately 6,000 BTC, worth around $649 million. According to on-chain data , the wallet address 1J3B2ucUpWjWPPpejUCoLN93Gwz3q65CTd originally acquired these Bitcoin holdings on July 25, 2019, when the cryptocurrency was trading at $9,796 per coin. The initial investment totaled $58.77 million, which has now appreciated to $649 million, representing a remarkable 1,004% return over the holding period. Bitcoin wallet addre...
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