Dormant Bitcoin Address Awakens After 15 Years with $538k Gain

A dormant Bitcoin address created in 2011 has suddenly become active after over 15 years.

The address, which was first used to receive 8.54 BTC on June 13, 2011, has now moved its holdings in block 962770.

The transaction generated a realized gain of approximately $538,000, representing an estimated increase of 461,981% from the original acquisition cost of around $14 per BTC.

Galaxy Research estimates that the coins are worth roughly $538,000 at current prices.