Bitcoin Wallets Dormant for 13 Years Move $115 Million in BTC

Two Bitcoin wallets that had been inactive for approximately 13 years have suddenly sprung to life, transferring a small amount of BTC from holdings valued at around $115 million.

According to Lookonchain, the wallets moved just 0.0005 BTC, worth about $43, as a test transaction. Despite the small amount, the movement is significant because the addresses collectively hold 1,346 BTC. These wallets originally acquired the Bitcoin for roughly $240,000 when BTC was trading at an average price of $178, making their current holdings worth about 479 times the original investment.

The reactivation adds to a growing trend of early Bitcoin wallets becoming active after long periods of dormancy. Last week, another wallet moved 20.43 BTC worth $1.7 million after 15 years of inactivity. On September 5, twelve wallets containing 50 BTC each moved a combined 600 BTC, which had been untouched since March 2010. However, there is no evidence linking these movements to Bitcoin’s creator, Satoshi Nakamoto.

This activity comes as Bitcoin’s broader market attempts to recover. CryptoQuant contributor “MAC-D” noted that Bitcoin’s 30-day apparent demand growth rate improved from negative 182,000 BTC to negative 101,000 BTC between September 24 and October 1. However, demand has yet to turn positive. The Coinbase Premium Index remains negative, suggesting that buying pressure from US-based spot investors has not fully recovered. Analyst Darkfost highlighted improving spot-market activity, with September trading volumes on major exchanges like Binance, Bybit, and Kraken showing significant increases.