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Dormant 2009 Bitcoin Wallet Moves $16 Million After 14 Years

Key Takeaways

  • ​A Bitcoin wallet created in 2009 moved 150 BTC on October 23, its first activity in 14 years;
  • The wallet, linked to early mining, originally held around 8,000 BTC across several addresses;
  • Following the 150 BTC transfer, the wallet’s current balance is 3,850 BTC.

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Dormant 2009 Bitcoin Wallet Moves $16 Million After 14 Years

A Bitcoin wallet created in 2009 has recently shown signs of activity after being untouched for over a decade.

This wallet, believed to belong to an early adopter of the cryptocurrency, transferred a portion of its holdings for the first time in 14 years.

On October 23, Whale Alert reported in a post on X that the wallet's owner originally mined 4,000 Bitcoin between April and June of 2009. This was a few months after the Bitcoin network was launched.

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According to Nansen, an analytics platform, the wallet transferred 150 Bitcoin in a single transaction, valued at more than $16 million at current market rates.

Blockchain data from mempool.space, a platform that tracks Bitcoin activity, indicates that the same wallet may have once held around 7,850 Bitcoin.

Its last known activity before this transfer dates back to June 2011, when it consolidated a large amount of Bitcoin into one address.

Further context was provided by blockchain analyst Emmett Gallic, who posted on X that the wallet originally controlled about 8,000 Bitcoin across several addresses.

He noted that the owner has been selling small amounts from another wallet over the years. After the latest 150 Bitcoin transfer, the address now shows a balance of 3,850 BTC.

Recently, Bitcoin’s price struggled to build momentum while long-term holders continued to cash out. What did market analysts say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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