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Dormant 2011 Bitcoin Wallet Moves 20.43 BTC Worth $1.7 Million After 15 Years

A dormant Bitcoin wallet inactive since May 2011 transferred 20.43 BTC valued at approximately $1.7 million on September 29, as Bitcoin traded near $83,000. The digital assets, initially mined via Slush Pool and acquired at roughly $3 to $4 per coin from an initial outlay of around $70, generated an estimated profit of about $1.72 million and returns exceeding 2,000,000%. The transfer went to SegWit addresses without depositing onto exchanges. It joins a broader series of early-era wallet reactivations ahead of an October 31, 2026 Mt. Gox creditor repayment deadline.

Category

Bitcoin

Sentiment

Neutral

Event

Crypto native

Reading time

1 min