Dormant Bitcoin Wallets Stirring to Life at Pace Rivaling Summer's Record
A recent trend of dormant Bitcoin wallets coming back to life continues unabated, with at least four more stashes stirring in recent days. According to Galaxy Research's blockchain monitoring, these awakened wallets moved a combined 202.84 BTC worth roughly $15.73 million between Aug. 29 and Sept. 4.
The largest of the group held 146.06 BTC or about $11.31 million and had sat untouched since November 2013 nearly 12.8 years 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 average cost of roughly $3, which means this patient holder managed to turn roughly $120 in BTC into more than $3 million by sitting on it for close to 15 years.
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 oldest coins carried astronomical paper gains with the 2011-era holdings up more than 2,000% and over 500,000% from their original cost.