Massive 1004% BTC Gain Awakens Dormant Bitcoin Wallet After 6 Years
2025-07-08 13:35:55
Main Idea
A dormant Bitcoin wallet holding 6,000 BTC, worth $649 million, became active after six years, highlighting significant gains and similar movements by other long-term holders.
Key Points
1. A wallet inactive for six years transferred 6,000 BTC ($649 million) recently, originally acquired for $58.77 million in 2019.
2. The Bitcoin stash saw a 1,004% gain, reflecting Bitcoin's price surge to $108,923.
3. Another Ethereum ICO participant moved 1,140 ETH ($2.88 million) after 10 years of dormancy.
4. Eight dormant Bitcoin wallets moved 80,000 BTC ($8 billion) in the largest 'Satoshi-era' transfer recently.
5. One of these wallets transferred 10,000 BTC (now worth over $1 billion), marking a nearly 13.9 million percent increase.
Description
Value of Bitcoin stash now worth $649 million
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