2012 Bitcoin Wallet Moves $35.7M in Fresh Transfer to Bitstamp
A dormant bitcoin wallet from 2012 made headlines on November 17th, transferring 400 BTC, valued at $35.7 million, after more than a decade of inactivity.
The coins, first acquired in June 2012 when bitcoin was priced at just $5.60 per BTC, were split into two parts. A 200 BTC portion was sent to Bitstamp, a major crypto exchange, while the remainder stayed in a new wallet. This marks the second such movement from the same wallet, following a similar transfer in October.
The transaction, notable for its lack of privacy with a “critical” score of zero from Blockchair, has sparked speculation in the crypto community. Many are curious about the wallet’s intentions, whether it’s for consolidation, cashing out, or part of a larger strategy. This reawakening of long-dormant bitcoins highlights the considerable supply of untapped digital assets from 2011 and 2012, raising questions about when and why they may be moved in future transactions.
Clever Robot News Desk 18th November 2024
