Wallet inactive for 9 years transfers $60,7 million worth of bitcoins

Over the years of “being dormant,” the value of the user’s assets has increased 53 times

20.04.2023 - 14:35

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3 min

What’s new? On April 20, a large bitcoin holder transferred 2071,5 BTC (about $60,7 million) from his wallet to an address beginning with “bc1q.” Until then, the unknown investor’s wallet had been inactive for more than 9 years, with the previous transaction taking place on December 19, 2013, blockchain analysts at Lookonchain reported.

A whale with 6,071.5 $BTC($178M) that has been dormant for 9.3 years transferred 2,071.5 $BTC($60.7M) out today. And the 2,071.5 $BTC was finally transferred to the address starting with "bc1q".The whale received 6,071.5 $BTC on Dec 19, 2013, when the price was $663. pic.twitter.com/CBpoIy2mEk — Lookonchain (@lookonchain) April 20, 2023

What else is known? At the time of the transfer, the whale wallet held 6071,5 BTC (about $178 million), received in December 2013 at the rate of $663 per coin. At that time, the value of all assets owned by the user was $3,36 million. In nine years, thanks to the growth of the exchange rate, it has increased almost 53 times.

“He finally found it [his key],” ironically commented one Twitter user on the news.

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According to analytics service Glassnode, at the end of February, the number of bitcoins that have been inactive for more than 10 years exceeded the total amount of the asset on all crypto exchanges. At the time, there were 2,6 million BTC worth $74,69 billion in inactive status.

According to CryptoRank, in 2022 the number of forever lost bitcoins exceeded 4,7 million ($134,998 billion at the exchange rate on April 20).

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