Vintage Bitcoin Wallet Transfers $3.7 Million Worth of BTC

Vintage Bitcoin Wallet Transfers $3.7 Million Worth of BTC

On Thursday, May 11, 2023, a dormant Bitcoin wallet created on June 19, 2011, transferred 139.7 BTC, worth $3.7 million at the time of transfer. Btcparser.com flagged this activity which occurred at block height 789,291 at 8:14 p.m. (UTC). This is the latest in a series of transactions from inactive 2010 and 2011 wallets, which have transmitted a total of 1,125.37 BTC, or roughly $30 million under current Bitcoin exchange rates.

Transaction Details

The wallet responsible for the transfer of 139.7 BTC had previously received 134.669 BTC on June 19, 2011, and an additional 5.04 BTC on July 13 of the same year. The wallet also received several small deposits referred to as “dust transactions” amounting to roughly 0.00000547 BTC each. The recipient wallet still holds the funds as of May 12, 2023, at 9:00 a.m. (ET).

Privacy Score and Bitcoin Cash

The recent transaction received a moderate privacy score of 45 out of 100 according to Blockchair’s privacy-o-meter tool. Two issues were identified: the entire balance was communicated to another address, and multiple iterations of the same address appeared in inputs. Although these issues are not severe, they can be traced by monitoring applications examining linked transactions. It is also worth noting that the corresponding bitcoin cash (BCH) associated with the wallet has not been spent.

In conclusion, this latest transfer from a dormant Bitcoin wallet highlights the potential value of long-term Bitcoin investments. While the identity of the wallet owner remains unknown, it is clear that they have benefited greatly from holding their Bitcoin for over a decade. As Bitcoin continues to grow in popularity and value, it is likely that we will see more of these types of transactions from vintage wallets in the future.

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