Bitcoin's Long-Dormant Wallets Stir Again, Moving Millions in August-September

The trend of long-dormant Bitcoin wallets reawakening shows no signs of slowing down. Between August 29 and September 4, at least four more ancient stashes stirred, with a combined total of 202.84 BTC (~$15.73 million) moved. The largest wallet, holding 146.06 BTC, had sat untouched since November 2013, delivering a gain of about 12,902% on a cost basis near $595.

A 40 BTC wallet dormant since November 2011 followed, worth around $3.09 million and up a staggering 2,571,899% from an original value of roughly $120 in BTC. Two smaller wallets rounded out the batch: 10 BTC untouched since June 2011, worth about $777,000, and 6.78 BTC last active in February 2011, valued near $551,000.

The reawakened wallets offer a mixed bag of signals, with one wallet sent to Coinbase indicating an intent to sell rather than simply relocate funds. The movements are the latest in a summer-long trend, following an earlier wave that shifted roughly $40 million in 10 days.