Bitcoin Whales Reactivate After More Than 10 Years, With Millions in Profits

Bitcoin whales own more than $10 million in BTC and together they could make profits of more than 10,000% if they decide to sell.

In summary

A wallet containing 149 BTC ($8.59 million) since 2013 has finally moved its funds to a new address.

The 1NNCJ address, with 24.9 BTC ($1.44 million), after more than 11 years of inactivity, recently transferred some coins.

Although common, Bitcoin transfers older than ten years are surprising, as many believed those coins were lost forever.

A pair of long-dormant Bitcoin wallets are showing signs of life after patiently holding millions of dollars worth of BTC for over a decade.

On Tuesday, the 1CWga address moved its 149 BTC ($8.59 million) to a new wallet. First purchased in November 2013, the entire wallet balance was worth $81,667 at the time, meaning the owner could have made profits of +10,000%.

The second wallet—address 1NNCJ—holds 24.9 BTC valued at $1.44 million, and was brought back to life after more than 11 years. He moved a small number of coins from the wallet recently.

Although Bitcoin transfers of this size are quite common, coins over ten years old are often assumed to have been lost to time. On-chain analysts agree that any coin held for more than five months becomes much less likely to move in the future. The owners are usually either staunch HODLers or careless investors who have lost the keys to their wallets forever.

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