💰 211.51 DORMANT BITCOINS WORTH $14.79M REACTIVATED AFTER 10 YEARS 💰
Over the past weekend, 211.51 dormant bitcoins, valued at $14.79 million, were reactivated after over a decade of inactivity. More than half of these funds originated from wallets inactive since 2012, marking a significant event in the Bitcoin community.
📈 Vintage Bitcoin Wallets Unleash 211.51 BTC:
Since June 8, 2024, four transactions brought 211.51 dormant bitcoins back into circulation. The initial transfer of 50 BTC occurred on Friday at block height 847,117 from a legacy address created on Sept. 4, 2013. Another 50 BTC from an address established on Sept. 5, 2013, was spent at block height 847,258.
When these bitcoins were initially acquired in 2013, BTC was trading at $126 per coin, valuing the holdings at about $12,600. Today, these coins are worth $6.99 million, reflecting a 55,410% appreciation. Additionally, at block height 847,267, a wallet created on July 22, 2012, spent 100 BTC after being inactive for nearly 12 years. Initially valued at $8.85 per BTC, this stash was once worth $885 but has now appreciated by 790,220%, reaching $6.99 million.
On June 10, another 2012 wallet transferred 11.51 BTC, worth approximately $805,048 at present. These bitcoins were acquired on Sept. 16, 2012, when BTC traded for $11.75 per coin, meaning the initial value was just $135.24.
The reactivation of long-dormant bitcoins underscores the significant long-term appreciation of Bitcoin and highlights the mysteries surrounding early BTC ownership. While the motivations behind these transactions remain undisclosed, the dramatic gains reflect the potential rewards of long-term crypto investments.
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