Dormant 2011 Bitcoin Wallet Awakens, Moving 100 $BTC Worth $8.5M

On Sunday, a long-inactive Bitcoin wallet from 2011 suddenly became active, transferring 100 BTC—now valued at $8.5 million—after nearly 14 years of dormancy.

14-Year-Old Bitcoin Wallet Moves Funds to Modern Addresses

At block height 889,103, a legacy Pay-to-Public-Key-Hash (P2PKH) wallet, identified as "12znK," initiated a transaction, moving its entire balance of 100 BTC to four separate Pay-to-Script-Hash (P2SH) addresses. Originally created on August 2, 2011, this wallet had been inactive for approximately 13 years and seven months before this transaction.

Following the transfer, each of the four new wallets now holds 24.99 BTC. Meanwhile, the corresponding 100 Bitcoin Cash @BCH, worth approximately $32,460, remains untouched.

The wallet initially received just 1 BTC upon creation, with an additional 99 BTC deposited nearly two weeks later on August 14, 2011. At that time, Bitcoin traded at $13.09 per coin but had dropped to around $10.13 by the second deposit. The total value of the holdings was around $1,015.96, later falling to just $425 by the end of 2011 due to market fluctuations. However, over the years, this investment has seen an astronomical 836,493% increase in value.

According to Blockchair’s privacy assessment, the transaction received a privacy score of 50/100, affected by its swept structure and repeated input usage.

While early Bitcoin wallets from 2009 remain the ultimate target for blockchain analysts tracking vintage BTC movements, those from 2010, 2011, and 2012 have become increasingly rare in today’s market.

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