According to Wu, Lookonchain detected that a wallet that had been dormant for 11.7 years transferred all 500 BTC (about 34.78 million U.S. dollars) to multiple new wallets. The wallet received 500 BTC (3,786 U.S. dollars at the time) on July 14, 2012, when the price of BTC was only 7.57 U.S. dollars.