Bitcoin Wallet Moves 500 BTC After More Than a Decade Inactive
Edited by Steinar Vigdel Kolnes, Editor, Oslo
A wallet created in January 2016 transferred 500 BTC worth about $41 million on Tuesday, adding to this month’s movement of long-idle bitcoin.
A bitcoin wallet that had been inactive for more than 10 years transferred 500 BTC on Tuesday, according to Bitcoin.com News. The coins were worth approximately $41 million, with bitcoin trading above $82,000.
The wallet was established on Jan. 1, 2016. The transaction marked its first transfer in more than a decade, though the report did not identify the owner or explain the reason for the move.
The transfer brought the reported monthly total of previously dormant bitcoin moved to 1,745.615 BTC. The available details do not establish whether the latest transaction involved a sale or a transfer between wallets controlled by the same owner.
Source: Bitcoin.com News
