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.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is a Crypto Mining Pool? Is it Worth it? (Beginner-Friendly)
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.
