A long-dormant Bitcoin wallet from the early days of the network has suddenly become active. On-chain data shows the wallet moved its entire balance after sitting untouched for 13 years.
The wallet held 909.38 Bitcoin. At current prices, the transfer is worth about $85 million. Blockchain analytics firm Arkham Intelligence flagged the transaction after the funds moved to a new Bitcoin address.
Records show the wallet first received Bitcoin in 2013. At that time, one Bitcoin traded for less than $seven. The total value of the holdings back then was about $6,400.
A Stark Reminder of Bitcoin’s Growth
The scale of the gain highlights Bitcoin’s long-term rise. Over the same 13 year period, traditional assets delivered far smaller returns.
If the same $6,400 had gone into a low cost S and P 500 index fund, it would be worth about $37,000 today. That reflects a gain of roughly 481%.
Gold also performed well but lagged far behind. Benchmark gold prices rose by around 150% over the same period. Bitcoin, by comparison, delivered a gain of roughly 13,900 times the original value.
For many investors, this contrast helps explain why early Bitcoin holders are often called whales.
Old Bitcoin Wallets Are Waking Up
This transfer is not an isolated case. On-chain data shows a wave of older Bitcoin wallets becoming active again in 2024 and 2025.
Wallets held by early users, some inactive for more than 10 years, have collectively moved over $50 billion worth of Bitcoin. In many cases, the coins were eventually spent rather than just reshuffled.
The reason behind the latest move remains unclear. It could be a routine security update, a change in custody, or the first step toward selling. Analysts will watch closely to see if the funds move to known exchange wallets.
Security Concerns May Be a Factor
Some analysts point to rising discussion around future quantum computing risks. Early Bitcoin coins exposed public keys in older transaction formats.
While experts say quantum threats remain years away, some long-term holders may be upgrading wallet security as a precaution.
For now, the move serves as a reminder. Bitcoin’s earliest believers are still out there, and when they act, the market pays attention.
Disclaimer
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