More than half a billion dollars worth of Bitcoin (BTC) is on the move after lying dormant for over seven years.
The BTC stash consists of 10,000 BTC worth approximately $570 million at time of writing.
According to blockchain data tracking bot BTCparsers, the Bitcoin in question was stored in two separate wallets containing 5,000 BTC each on August 11th, 2013.
The first wallet with a total of 27 transactions going back to 2013 transferred 5,000 BTC to a wallet of unknown origin. The second wallet with a total of 28 transactions dating as far back as 2013 moved 5,000 BTC to another wallet of unknown origin.
The addresses involved have moved almost the same amount of coins on the same exact dates historically, which strongly suggests the 10,000 BTC is owned by the same ancient whale. It also appears that the 10,000 BTC has been sitting idle since August 11th, 2013.
The new wallets that now hold the BTC do not appear to have any known connections to crypto organizations or exchanges where they could be sold or traded in the open market.
When the original wallets were created, Bitcoin was trading around $330, giving the owner gains of more than 17,000% in over seven years.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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