Bitcoin whale holding $147M wakes after 13 years, makes tiny $56 transfer

A Bitcoin wallet that has sat untouched since 2012 has suddenly sprung back to life, moving just $56 worth of BTC from a stash now valued at roughly $147 million.

A long-dormant Bitcoin whale wallet has awoken after 13 years and seven months of inactivity, shifting 0.00079 BTC ($56), a tiny fraction of a fortune now worth around $147 million. 

Onchain data from BitInfoCharts shows that the legacy address “1NB3ZX…” received 2,100 Bitcoin (BTC) on July 5, 2012, when BTC traded at about $6.59 per coin. At today’s prices, that stash is valued at roughly $147 million, turning an initial outlay of about $13,800 into an unrealized gain of more than 10,000x.

The move caught the eye of onchain trackers like Whale Alert and LookonChain that monitor so-called Satoshi-era addresses, a term often used for coins acquired in Bitcoin’s early years. 

Read more