on-chain movement

$51 Million of Bitcoin Moves After 14 Years of Dormancy

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closedStatus
2News media
2Pieces
Published

A long-idle Bitcoin holding moved 600 BTC after more than 14 years without activity, and the transfer was valued at about $51.9 million when it happened. The movement was recorded in block 968116, and the coins had first been received on July 14, 2012.

Key claims & sources

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More than $51 million worth of Bitcoin that had stayed dormant for over 14 years moved after Bitcoin's price breakout.
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The value of the dormant Bitcoin that moved was described as just over $51 million.
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A Bitcoin wallet that had been inactive for 14.2 years moved 600 BTC in block 968116, with the transfer valued at about $51.9 million at the time.
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The 600 BTC had first been received on July 14, 2012, before it was moved after more than 14 years of dormancy.

What it means

People watching Bitcoin activity, including holders and market participants, would notice that a large old wallet became active again and moved 600 BTC after more than 14 years. The transfer was recorded in block 968116, so anyone tracking on-chain movements can see that this older stash is no longer untouched.

Market reaction i

BitcoinBTC the event is about this asset
first headline
-0.3% 2 h before
+0.4% 4 h after
$84,342price at publication
13data points

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Sep 22 11:48
U.Today scoop
Breaks the event: $51M
+1 d 2 h
Sep 23 14:30
The Daily Hodl adds
Sharpens the figure: $51.9M; brings into the story: BTC, with quotes