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Dormant Bitcoin Wallet From April 2014 Moves 300 BTC Worth $31.1M to Bech32 Address, Originally Valued at $134K

The DefiantMay 13, 20251 min read

Dormant Bitcoin Wallet From April 2014 Moves 300 BTC Worth $31.1M to Bech32 Address, Originally Valued at $134K

A Bitcoin wallet that had been dormant since April 2014 recently moved 300 BTC, valued at approximately $31.1 million, to a new address. The wallet originally received the 300 BTC when the price per Bitcoin was about $447, totaling around $134,000 at that time. This transfer marks the first activity from this wallet in over 11 years. The coins were moved to a fresh Bech32 address, highlighting ongoing activity in previously idle Bitcoin holdings. The event underscores the long-term appreciation of Bitcoin's value from its early days to the present.

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