The Mystery of the $56.9 Million Transaction in Bitcoin: Awakened After 10 Years!

A user who bought BTC when the price of Bitcoin (BTC) was only a few hundred dollars took action years later.

According to Blockchain data, a 10-year-old Bitcoin user transferred the coins he bought years ago to another address after midnight today.

It is worth 56.9 million dollars

According to transaction records, this user purchased 620 Bitcoins on November 25, 2013. He then bought another 383.9 Bitcoin on March 13, 2014.

Bitcoin price surpassed $1 in 2011 and rose to $29.6 on June 8, 2011. However, the subsequent decline in the market brought the price down to approximately $5. While Bitcoin had a quiet year in 2012, it entered 2013 at $13.

Bitcoin surpassed the $100 level in April of the same year and surpassed the $200 threshold in October. Bitcoin price, which exceeded $ 1,000 in November 2013, closed the year at $ 732.

This user, who had not made any transactions for 10 years, sent a total of 1,004.4 Bitcoins to an unknown address. At the time of the transaction, their value was approximately $56.9 million.

Mt. Could it be related to Gox?

Mt., the largest Bitcoin exchange of its time. Gox was hacked in 2014 and went bankrupt, losing approximately 950,000 Bitcoin.

The exchange managed to buy back approximately 140,000 Bitcoins in the following period. Mt.Gox bankruptcy administration started returning coins to its creditors as of yesterday.

Stay tuned for new information