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The Rediscovered Fortune: Millions in Bitcoin Spring Back to Life

2025-07-05 13:49:03

The Rediscovered Fortune: Millions in Bitcoin Spring Back to Life

Main Idea

Millions in Bitcoin from the 'Satoshi era' (2009-2011) have unexpectedly reactivated, with 20,000 BTC moved after being stagnant for nearly 14 years, sparking significant interest in the crypto community.

Key Points

1. Two long-inactive wallets transferred 10,000 BTC each to new addresses, originally acquired in 2011 when Bitcoin was valued at $0.78 per unit, now worth over $2.2 billion.

2. The original source of these Bitcoins was a wallet named '1HqXB…gDwcK,' which transferred 23,377.83 BTC to three different wallets in 2011, with one wallet spending its 3,377 BTC that same year.

3. Arkham data suggests the moved BTC belongs to a single entity, but the identity remains unknown.

4. The reactivation of 'Satoshi era' assets is of significant consequence, potentially influencing market volatility and security concerns.

5. The transferred assets have now reached a combined value of over $8.6 billion.

Description

20,000 BTC moved from dormant wallets after 14 years of inactivity. Significant transaction sets a record, valued now at over $2.2 billion. Continue Reading: The Rediscovered Fortune: Millions in Bitcoin Spring Back to Life The post The Rediscovered Fortune: Millions in Bitcoin Spring Back to Life appeared first on COINTURK NEWS .

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