An ancient Bitcoin miner wallet moved 500 BTC after 13 years of dormancy, according to monitoring by EmberCN. The transfer took place about half an hour before the update and the holdings were valued at roughly $31.27 million at current prices. The 500 BTC had not moved since being consolidated from a mining address in 2013. At that time, with Bitcoin trading at about $1,020, the stash was worth around $510,000. EmberCN noted that the $1,020 level marked a high point around those years, and Bitcoin did not reclaim the $1,000 mark until 2017. Based on the current valuation cited in the post, the value of the 500 BTC has increased by about 60 times since then. The update only described an on-chain transfer and did not disclose further details about the destination or intent behind the move.
An ancient Bitcoin miner wallet moved 500 BTC after 13 years of dormancy, according to EmberCN. The transfer occurred about half an hour before the update, and the coins were valued at roughly $31.27 million at current prices.
The 500 BTC had not moved since they were consolidated from a mining address in 2013. At the time, with Bitcoin priced at about $1,020, the holdings were worth around $510,000.
EmberCN said that $1,020 was the high point around those years, and Bitcoin did not climb back above $1,000 until 2017. Based on the current valuation cited in the post, the value of this 500 BTC stash has risen by about 60 times.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
