12-Year-Old Bitcoin Wallet Awakens, Moves $46M

The post 12-Year-Old Bitcoin Wallet Awakens, Moves $46M appeared first on Coinpedia Fintech News

A Bitcoin wallet holding 400 BTC, acquired 12 years ago for $2,091, reactivated after over a decade, now worth $35.8M. Five hours ago, it sent 200 BTC ($17.9M) to Bitstamp and 351 BTC ($31.5M) to a new wallet. This wallet is one of three dormant addresses that have transferred a combined 600 BTC (~$46M) to Bitstamp in the past month. All funds originated from wallets inactive for over 12 years, sparking speculation about potential market impacts.