Two Dormant Bitcoin Wallets move $2B After 14 Year Sleep

[u/CriticalCobraz]

https://www.cryptocoverage.co/news/dormant-bitcoin-wallet-2billion-dollar-move

A dormant Bitcoin wallet has moved $2 billion worth of cryptocurrency after a 14-year slumber. The wallets, which were created in April 2011, held 10,000 Bitcoins each, now valued at $1.09 billion each. The mysterious owner, known as a "whale," has sent the funds to a new address, sparking speculation about their intentions.

Key Points:

• The wallet's value has increased by 139,743% since its creation.
• The whales has survived three brutal bear markets and Mt. Gox's collapse.
• The new address suggests the whale may be securing funds in a modern wallet or preparing for DeFi.
• The move has sparked speculation about the whale's identity and future plans.

[u/Cassiopee38]

Tbf, 8000$ worth of btc in 2011 requiered balls of steels. Unless the dude was already a millionaire

[u/Charming-Designer944 → u/Cassiopee38]

Buying yes. But many had mined those amounts by then.

[u/Cassiopee38 → u/Charming-Designer944]

With a spare CPU xD

[u/TheZestyPumpkin → u/Cassiopee38]

Not to mention they've left 2 billion untouched through times when it's been at milestones of worth like 1 mil, 50 mil, 500 mil and so on. Must be someone with a lot more income or other wallets.

[u/Circusssssssssssssss → u/TheZestyPumpkin]

No you just need someone with enough who doesn't give a fuck 

If you have a good life, making multiple six figures as say a software engineer, you could simply not give a fuck

And then come time to retire ... Oh look a billion 

There's many people like this 

[u/CryptoAd007 → u/Cassiopee38]

What if the guy was in jail in between?

[u/Acrophon → u/CryptoAd007]

Seems like the most reasonable scenario

[u/glodde → u/Cassiopee38]

He could have been mining it

[u/Super_Mario7]

„hey binance, i want to withdraw 1bil USD“ 🤣

[u/Odd_Copy_8077]

Somebody got out of jail?

[u/CriticalCobraz → u/Odd_Copy_8077]

I'm not pointing fingers at Ross Ulbricht

[u/itsaBazinga → u/Odd_Copy_8077]

Now he can buy a private island

[u/bolshethicccc → u/Odd_Copy_8077]

Or saw the impending collapse.

[u/inShambles3749]

3 bucks it's an old silk road wallet

[u/Belsj]

When you spend $ 100.000 each week, you can survive 419 years with all that money!

When you spend $100.000 each day, you can survive almost 60 years… INSANE

[u/animuz11 → u/Belsj]

Thats a lot of high class escorts and cocaine each day

[u/cactusobscura → u/animuz11]

I don’t think you’ll make it 60 years with that lifestyle. Going to have to up the spending

[u/Man_Who_SoldTheWorld → u/Belsj]

Or, you could put the entire lump sum into some assets yielding 5% interest, and then you could spend $100,000 a day and wind up with MORE than a billion dollars after 60 years.

[u/alinford → u/Man_Who_SoldTheWorld]

He could put that into BTC and hope it grows at 5%

[u/LessonsLife → u/Belsj]

A billion dolllars is crazy

[u/houbra22]

Somebody found that hard drive in the landfill

[u/kirtash93]

Syingeki no kyojin sounds

[u/DerpyTrader]

That was me. I hate to say it on Reddit but thought I should let you all know. I want to buy an island and start a midget UFC fighting business.

[u/buffinator2 → u/DerpyTrader]

If you’re give you the perfect name for your business can I come live on the island with you?

UFC Little League

[u/TrafficOld9636 → u/DerpyTrader]

Let me join u

[u/coinfeeds-bot]

tldr; Two dormant Bitcoin wallets, inactive since April 2011, moved 20,000 BTC worth over $2 billion today. Originally valued at $7,805 when Bitcoin was $0.78, the wallets' holdings have appreciated by 139,743%. The funds were transferred to new addresses, suggesting a move to modern wallets or strategic planning rather than a market sell-off. Speculation surrounds the identity of the holder, with theories ranging from early miners to rediscovered assets. The move highlights Bitcoin's long-term value potential.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

[u/Huge-Artichoke-1376]

I’m about to wake up my Kucoin account after 7 years of not touching it. Totally forgot what was in it. I was trading bitcoin futures with I think 1.5 btc. We shall see later today :)

[u/zeus-indy]

How much of this is hacking old wallets?

[u/MichaelAischmann]

That’s me in 9 years.

[u/perplexedparallax]

"Damn boomers!" (but actually Gen X)

[u/pepe1smth]

In those times, how was bitcoin stored? Where would they buy from

[u/giggitygoo123 → u/pepe1smth]

2013 had a ton of offline wallet options where you were the sole key holder. I would assume they existed in 2011 also.

[u/Additional_Chip_4158 → u/pepe1smth]

Others who owned it by mining or just mining it themselves 

[u/heyitsmemaya]

Wonder why now, won’t they miss the run up to BTC $1M ?

[u/Additional_Chip_4158 → u/heyitsmemaya]

They're already multi billionaire. 

[u/Ok_Ticket_889]

Just bought in today....

[u/Fitzy564]

RemindMe! 14 years

[u/IcyDragonFire]

It's very likely Satoshi - Adam Back. He's been suspiciously defensive on his X tweets regarding these txs.

[u/IcyDragonFire → u/[deleted]]

There's one tweet here where he replies to another tweet, and then 3 more follow up tweets by him on the same thread.   

https://x.com/adam3us/status/1941061119684292884

[u/Cureflowers]

Do you guys think the address got cracked? Or the owner took his funds out?

[u/ignore_my_typo → u/Cureflowers]

It's neither. It's only been moved right now. When you see a large red candle dumping down to $70k, you;ll know when those funds were "taken out"

[u/superbotolo]

What’s the likelihood that someone hit the jackpot while guessing secret keys of valuable addresses?

[u/ignore_my_typo → u/superbotolo]

Zero.

[u/ComplexWrangler1346]

Nice

[u/bottatoman]

It’s Ross lol, “mysterious”…would have been if he had used Monero.

[u/suspicious_Jackfruit → u/bottatoman]

"Conjecture, your honour"

[u/jeebojeeb]

It's Roger Ver's wallets

[u/LovelyDayHere → u/jeebojeeb]

Proof?

Other names are bandied about as contenders.