Bitcoin Whale Resurfaces After 10 Years with Almost $30M in Assets

A Bitcoin wallet that had been inactive for over a decade has recently been reactivated, attracting attention from the blockchain tracker Whale Alert.

This dormant wallet, untouched since 2014, holds a staggering 300 BTC, which is currently valued at approximately $29.37 million. Its last activity dates back to a period when Bitcoin was still in its early days, just after the disappearance of its creator, Satoshi Nakamoto, and just before the Ethereum ICO.

This particular wallet is part of a broader trend of long-forgotten Bitcoin holdings being revived, especially during the latter half of last year.

As Bitcoin experienced a series of price surges, culminating in a record high of $109,114 on January 20, many early Bitcoin holders decided it was the right moment to cash in.

READ MORE:

U.S. Pension Fund Expands Bitcoin Investment as Institutional Interest Grows

The timing coincided with growing interest in Bitcoin as a potential strategic reserve, especially with the new U.S. administration showing support for cryptocurrency.

For some long-term holders, the recovery of old keys and wallets that had been lost or forgotten about over the years has allowed them to unlock substantial profits.

Alexander Zdravkov