As bitcoin climbed to a fresh record of $118,839, a long-dormant stash dating back to 2013 suddenly sprang to life—400 BTC moved for the first time in well over 12 years.
Whale Reawakens: Dormant 2013 Bitcoin Cache Moves to a Custodian
The blockchain parser btcparser.com shows a sizable trove of dormant coins stirred to life on July 11, as 400 BTC moved across 16 separate transfers. Each transfer came from a legacy P2PKH (Pay-to-Public-Key-Hash) wallet created in early 2013, and each wallet sent exactly 25 BTC to a P2WPKH (Pay-to-Witness-Public-Key-Hash) address.
The transactions were confirmed between block heights 905014 and 905017. All 400 BTC originally came from wallets set up between late February and March 2013. At the time, the entire sum was worth a mere $13,724. Today, that same stash is valued at a whopping $47.19 million—a 3,439x leap, or a jaw-dropping 343,638% increase over 12 years.
So far, July has been buzzing with whale activity. On July 4, 80,000 BTC from 2011 shifted. Then on July 7, a long-idle wallet moved 99.99 BTC for the first time since July 27, 2017. After today’s 2013 revival, wallets from 2016 and 2017 also stirred, moving 41.09 BTC and 16.54 BTC, respectively.
The 400 BTC transferred to the P2WPKH address appears to have landed in a wallet linked to crypto custodian Bitgo, according to Arkham Intelligence data. Whether the stash is headed for sale or simply being tucked away for safekeeping under Bitgo’s custodial watch remains unclear.