bitcoin

Bitcoin Wallet from 2014 Transfers $44 Million in BTC

The Big Whale

06 May 2024 — 1 min read

An inactive bitcoin wallet that hadn't been used for over a decade transferred its entire stack of 687.33 BTC, worth over $44 million, early this morning. The wallet originally received the bitcoins in 2014 when the price of one bitcoin was $917. The reason for the transfer and the identity of the wallet's owner are unknown. This transfer follows other notable bitcoin movements, including a $6 billion transfer from the fifth richest address on the Bitcoin blockchain in March, the consolidation of $140 million in bitcoins mined in 2010 into a single wallet, and the awakening of nearly 50,000 dormant bitcoins in January. Additionally, someone lost approximately $71 million worth of wrapped bitcoins on the Ethereum blockchain in an address poisoning attack. The current price of bitcoin is $64,269. Please note that this information is provided for informational purposes only and should not be considered as legal, tax, investment, financial, or other advice.

Sources :
- TheBlock

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