Two early Bitcoin holders, inactive for over a decade, recently transferred tens of millions of dollars worth of Bitcoin. According to Whale Alert, a platform monitoring large cryptocurrency transactions, an old Bitcoin wallet dormant for 10.6 years suddenly became active, moving 1,004 BTC valued at $56.92 million. Blockchain data shows the Bitcoin was initially transferred to an unknown wallet, then subsequently moved again to another undisclosed wallet, where it remains.
Bitinfocharts disclosed that this investor initially accumulated over 20,000 BTC between 2011 and 2013 when Bitcoin’s price was under $800. Holding for a decade yielded a return of over 4,920%.
Another long-term Bitcoin holder moved 20 BTC worth $110,000 after being inactive for over 1.41 years. Blockchain records indicate this Bitcoin also moved to an unknown wallet and subsequently to another undisclosed destination.
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Bitinfo charts data
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In March 2013, investors spent $68,000 purchasing BTC when Bitcoin traded around $80, yielding nearly XNUMX% returns eleven years later.
These Bitcoin tokens have not been transferred to known cryptocurrency exchange addresses, suggesting an intention to sell them on the open market.
