After more than nine years of dormancy, a Bitcoin wallet has sent out a staggering 2,071.5 BTC, which is worth over $60 million at current rates.
Back in 2013, the wallet received a total of 6,071.5 BTC when Bitcoin was worth approximately $663. The mysterious whale transferred the assets on April 20, 2023, to an address starting with “bc1q” after remaining untouched for nine years and four months, as revealed by Lookonchain.
- The complete stash of 6,071.5 BTC was worth just about $4 million from the get-go.
- Now, these holdings have grown to about $176 million.
- As to why the wallet’s owner has decided to move such a significant amount of BTC remains unknown, although there is speculation that crypto investors with substantial assets might be moving older funds to new addresses as a protective measure.
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
