Dormant Bitcoin Wallets Move 416.69 BTC Worth Roughly $34 Million After Inactivity

Two dormant Bitcoin wallets dating back 12 to 13 years transferred a combined 416.6941 BTC, valued at approximately $33.82 million to $34 million. The transfers were confirmed within five seconds of each other in block height 971894, with one wallet moving 167.8402 BTC and the other transferring 248.8539 BTC. The coins originally carried a combined acquisition cost of around $105,400. While the activity accounted for more than half of the 774.17 BTC in dormant transfers in October, there is no confirmed evidence that the coins were deposited onto exchanges or sold.