A long-dormant Bitcoin wallet cluster has come back to life after 14 years of inactivity, moving a massive 80,009 BTC, valued at $8.69 billion as of July 4, 2025. The reactivation has sent ripples through the crypto community.
According to Lookonchain on X, four of the walletseach holding 10,000 BTC,moved a total of 40,000 BTC (worth $4.35 billion). These wallets are part of a group of eight addresses tied to a single early adopter, likely one of Bitcoin’s original whales.
The wallets use the legacy P2PKH format, common in Bitcoin’s earliest days. Some of these addresses received funds when BTC was trading between $0.78 and $3.37 in 2011. Notably, the reactivated wallets moved the BTC to a modern SegWit-compatible address, possibly for better security and transaction efficiency.
Key Details:
- Two wallets received 20,000 BTC on April 2, 2011, at $0.78 per BTC (now $2.18B).
- Six wallets received 60,009 BTC on May 4, 2011, at $3.37 per BTC (now $6.52B).
- On July 4, 2025, 40,000 BTC was moved—while four other wallets remain untouched.
Addresses Involved:
1. 1KbrSKrT3GeEruTuuYYUSQ35JwKbrAWJYm
2. 12tLs9c9RsALt4ockxa1hB4iTCTSmxj2me
3. 1P1iThxBH542Gmk1kZNXyji4E4iwpvSbrt
4. 1CPaziTqeEixPoSFtJxu74uDGbpEAotZom
5. 1f1miYFQWTzdLiCBxtHHnNiW7WAWPUccr
6. 1BAFWQhH9pNkz3mZDQ1tWrtKkSHVCkc3fV
7. 14YK4mzJGo5NKkNnmVJeuEAQftLt795Gec
8. 1ucXXZQSEf4zny2HRwAQKtVpkLPTUKRtt
Theories and Reactions
Crypto X has exploded with speculation:
“Only Satoshi would hold through all the cycles without flinching.”
“What if this isn’t just an early adopter, but someone pinged by Satoshi himself?”
Some wonder whether the whale had forgotten the keys,or intentionally stayed away all this time.
This event adds to a growing trend in 2025. Over 62,800 BTC from wallets dormant for seven years or more were moved in Q1 alone,more than double the volume observed during the same period in 2024. However, market experts are divided on whet
Bitcoin’s price remained relatively stable in the hours following the move, trading around $109,000. Still, traders and institutional desks are monitoring the addresses closely for signs of liquidation.
The reactivation of such significant early holdings serves as a stark reminder: Bitcoin’s early whales still hold considerable influence, and when they move, markets listen.
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