Hideo Nakamura On the quiet early morning of Saturday, July 22, 2023, at exactly 12:51 a.m. UTC, a once dormant bitcoin address housing 1,037.42 BTC—worth $30 million—awoke for the first time since 2012.
Revival of a Long-inactive Bitcoin Address Unlocks $30 Million Treasure
Eight ‘sleeping’ bitcoin wallets, untouched since 2012, have broken their silence this July, marking their first transactions in over 11 years. A staggering 1,216.92 BTC, which have been inactive for the past decade, were moved this month. The previous seven activities from 2012, involving dormant wallets, amounted to 179.50 BTC before the dormant whale address transferred a massive 1,037.42 bitcoins on Saturday.
The recipient address of the 1,037.42 BTC originally received the coins on April 11, 2012, with the digital currency remaining static ever since. On this acquisition date, a single BTC was priced at a mere $4.84, making the total stash worth a modest $5,021. The bounty of 1,037 BTC was dispatched at block height 799,701 on July 22, intended for this specific address. Following this transaction, the owner deposited a tiny 0.00000546 BTC into the wallet, and then moved the balance, a slightly reduced 1,037.4189247 BTC.
The opening transaction was detected by btcparser.com and was conducted with minimal hiding. Blockchair.com’s privacy tool gave the transaction a poor score of zero out of 100. Such a low privacy score is categorized as “critical”, meaning that the transaction had three significant privacy flaws. These errors include the detection of “matched addresses.” The “critical” score suggests that the “identified issues significantly compromise the privacy of the parties involved.”
Along with the 1,216.92 BTC moved from dormant bitcoin addresses from 2012 this month, there were also three transactions (1,2,3) from 2011. Two of these 2011 transfers took place on July 20, with the third happening on July 21. However, these three transfers combined represented only a modest 25 BTC ($745K). Although we’re still in July, there have been no reports of bitcoin activity from addresses dormant since 2010. In contrast, June saw the revival of three dormant bitcoin addresses (1,2,3) from 2010, totaling 150 BTC ($4.4M).
As we observe these dormant bitcoin titans awakening after more than a decade, what do you think triggers such sudden movement? Share your views and thoughts about this topic in the comments section below.
Table Of Contents
Frequently Asked Questions (FAQs) about Dormant Bitcoin Wallets Activation
What happened to the dormant Bitcoin wallets from 2012?
In July 2023, eight dormant Bitcoin wallets from 2012, which have been inactive for over 11 years, started initiating transactions. The largest of these was a movement of 1,037.42 BTC, valued at $30 million, on July 22.
How much Bitcoin was moved from the dormant wallets in July?
A total of approximately 1,216.92 BTC was moved from dormant Bitcoin wallets dating back to 2012 in July. This included a massive transaction of 1,037.42 bitcoins from a single dormant address.
How was the privacy of the Bitcoin transaction rated?
The initial transaction from the dormant address was detected by btcparser.com and was assigned a privacy score of zero out of 100 by Blockchair.com’s privacy tool. This “critical” score suggests that there were significant privacy flaws in the transaction.
Were there any transactions from addresses dormant since 2011?
Yes, there were three transactions from dormant Bitcoin addresses dating back to 2011. Two of these transactions occurred on July 20 and the third one took place on July 21, amounting to a combined total of 25 BTC ($745K).
Were there any transactions from addresses dormant since 2010?
No, there were no reported transactions from Bitcoin addresses dormant since 2010 in July. However, three dormant Bitcoin addresses from 2010 stirred in June, transferring a total of 150 BTC ($4.4M).
More about Dormant Bitcoin Wallets Activation
- Understanding Bitcoin Privacy
- What is Bitcoin?
- Historical Bitcoin Prices
- Understanding Bitcoin Transactions
- Overview of Bitcoin Addresses
- Bitcoin Block Explorer
- Bitcoin Parser Tool
- Blockchair Privacy-o-meter
5 comments
tbh im not surprised, someone just woke up rich! Would be nice if I had that key lol
Kinda worried about the privacy score tho, zero out of 100?! Sounds like someone needs a lesson in transaction security.
This is why i love crypto, it’s full of mysteries and surprises. Who would have thought that these wallets would come back to life after all these years.
Wow, 11 years of slumber and now $30 mill just moves like that… makes you wonder who’s behind it all…
looks like someone has been hodling since 2012…talk about patience. hope they at least got a good deal out of it.