A Bitcoin wallet created on Aug. 10, 2012 moved 212 BTC after 14 years of inactivity, according to an Odaily report citing Bitcoin.com News. Based on the price referenced in the report, the transferred holdings were worth about $13.72 million at the time of movement. The coins were originally valued at $2,346, or $11.07 per BTC. Using the article’s cited BTC price of $64,761, a full sale at that level would translate into a gain of 584,725%. The wallet owner has not been identified.
The report said the 212 BTC was moved from a legacy Pay-to-Pubkey-Hash, or P2PKH, wallet to an unlabeled Bech32 wallet. The funds arrived in multiple batches before being consolidated. Bitcoin.com News also noted that a Coldcard vulnerability led to the theft of nearly 2,000 BTC, which may have prompted some long-term holders to relocate assets, though the address in this case has not been linked to any known entity.
A Bitcoin wallet created on Aug. 10, 2012 moved 212 BTC after 14 years of inactivity, according to Bitcoin.com News, as cited by Odaily. At the price referenced in the report, the transferred holdings were worth about $13.72 million.
Wallet dates back to Aug. 10, 2012
The address was created on Aug. 10, 2012. The 212 BTC was originally worth $2,346, with Bitcoin priced at $11.07 per coin at the time. Using the report’s cited price of $64,761, the holder would be sitting on a 584,725% gain if all of the coins were sold at that level.
Funds moved from P2PKH to an unlabeled Bech32 wallet
The report said the 212 BTC was transferred from a legacy P2PKH wallet to an unlabeled Bech32 wallet. The funds were sent in several batches and then consolidated. The identity of the wallet owner remains unknown.
Address not tied to any known entity
Bitcoin.com News also noted that a Coldcard vulnerability resulted in the theft of nearly 2,000 BTC, a factor that may have pushed some long-term holders to move assets. Even so, the address involved in this transfer has not been linked to any known entity.
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