Old Bitcoin Wallet Moves Millions After 13.5 Years of Inactivity

An old Bitcoin address transferred 64.59 BTC over the weekend after being inactive for over 13.5 years.

This wallet originally acquired the Bitcoin in February 2011, when the cryptocurrency was valued at $0.998 per BTC, making the total worth about $64.46 at that time.

According to BitInfoCharts, which tracked the transaction, this Bitcoin stash was worth $4.142 million when moved on Saturday, representing a staggering increase of over 6,426,000%.

Though the wallet had received small amounts of Bitcoin sporadically over the past 13 years, these transactions were likely the result of dusting attacks.

READ MORE:

Top Analyst Predicts Bitcoin’s Imminent Bull Run and Record-Breaking Highs

Dusting attacks involve sending tiny amounts of cryptocurrency (dust) to numerous wallets to compromise privacy. Scammers then attempt to track the transaction activities of these wallets to uncover the identities of their owners.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.