Key Takeaways:
- Over 300 BTC from 2012 wallets worth millions transferred in September 2023
- These bitcoins laid dormant for 11+ years before being moved
- The total value transferred from 2012 wallets so far is ~$141 million
- Smaller amounts also moved from 2014-2016 wallets
- Highlights the public nature of blockchain and privacy risks
In a month defined by revived digital fortunes, the dormant Bitcoin reserves from 2012 have awoken. On September 24, 2023, a seismic event occurred in the crypto world as the “1HdwP” Bitcoin address transferred 149.99 BTC, now valued at a remarkable $3.93 million.
Established on February 8, 2012, the “1HdwP” address had slumbered for over 11 years, witnessing Bitcoin’s value soar from $5.69 to a staggering $3.93 million.
Blockchain enthusiasts initially detected the awakening using btcparser.com, but Blockchair’s privacy tool exposed critical vulnerabilities. A score of zero indicated significant privacy risks, notably address reuse, hinting at the sender’s practices.
At block height 809,258, another 2012 address, “1AGwm,” stirred to life, transferring 157.66 BTC, worth $4.1 million, without employing privacy measures.
This 2012 stash, initially worth $897, saw its cumulative value skyrocket to approximately $141 million with the reawakening of other dormant Bitcoins from that year.
In the four days between the 149.99 BTC transfer and the 520 BTC transactions, various movements from 2014-2016 were observed, adding to the excitement.
Related: Dormant Bitcoin Wallet from 2016 Awakens, Sends Millions in BTC
Notably, 63.99 BTC from the 2014 batch sprung to life just moments before the 149.99 BTC transaction from 2012, at block height 809,104, adding an intriguing twist to this crypto renaissance.
Date | Transaction Details | Value at Time of Transfer |
---|---|---|
Sept 24, 2023 | 149.99 BTC transferred from 2012 wallet | $3.93 million |
Sept 25, 2023 | 157.66 BTC transferred from 2012 wallet | $4.1 million |
Feb 8, 2012 | Original date 2012 wallets were created | 149.99 BTC worth $897 in 2012 |
157.66 BTC worth ~$900 in 2012 | ||
Sept 2023 | Total BTC transferred from 2012 wallets | 5,438.46 BTC (~$141 million) |
Sept 2023 | BTC transferred from other years: | |
Sept 23, 2023 | 15 BTC from 2016 wallet | |
Sept 23-24, 2023 | 139.99 BTC from 2014 wallets | |
Sept 23-25, 2023 | 59.19 BTC from 2015 wallets |