14-Year-Dormant Bitcoin Wallet Moves 100 BTC Worth $8.5 Million

The wallet's 100 BTC, initially worth $1,015, grew to $8.5M, yielding a massive 836,493% return on investment over the years.

A Bitcoin wallet, dormant for nearly 14 years, has suddenly become active, moving 100 BTC—now worth $8.5 million—to new addresses. The wallet, identified as “12znK,” was first created on August 2, 2011, when Bitcoin traded at just $13 per coin.

At block height 889,103, the wallet shifted its funds from a Pay-to-Public-Key-Hash (P2PKH) address to four Pay-to-Script-Hash (P2SH) addresses. Each of the new wallets now holds 24.99 BTC. Meanwhile, the linked 100 Bitcoin Cash (BCH), worth around $32,460, remains untouched.

Dormant 14-Year-Old Bitcoin Wallet Moves 100 BTC Worth $8.5M — Source: memepool.space

Initially, the wallet was created with 1 BTC and then 99 BTC was added on 14 august 2011. At that time, the total worth of the holdings was $1,015.96, but with the BTC surge, the investment has increased by 836,493%.

Privacy analysts gave the transaction a score of 50 out of 100 based on the patterns of address reuse. Although the first generation of Bitcoin wallets from 2009 is still popular, the wallets from 2011 are already considered rare.

The sudden movement of old BTC causes people to wonder if it was an early adopter selling, or something more mysterious?

Also Read: Peter Schiff Marks His 62nd Birthday with a Bitcoin Surprise

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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