After 14 years of dormancy, 20,000 Bitcoin were moved this morning, worth $2.17 billion. What do we know about these movements?
20,000 bitcoins move after 14 years of dormancy
Regularly, a dormant address containing a large amount of Bitcoin (BTC) wakes up after a long period of inactivity. This can be due to multiple factors, such as a desire to take profits, or simply the need to move funds to a potentially more secure address.
This morning, not one, but two addresses woke up at the same time after 14 years of inactivity, each containing no less than 10,000 BTC. For one, the transaction took place at 5:39 a.m., and for the second, at 6:21 a.m. Paris time.
We are linking these two transactions because the 20,000 bitcoins in question originally came from a single address, which moved the funds in two equal parts on April 2 and 3, 2011:
At the time of writing, the 20,000 BTC are located at two separate addresses that had no history prior to today:
- bc1qmnjn0l0kdf3m3d8khc6cukj8deakg8m588z24g
- 1GcCK347TMbzHrRpDoVvJdR6eyECyqHCiU
While in 2011, the funds involved amounted to just $16,000, when BTC was worth just $0.8, today we are talking about $2.17 billion. Currently, the price of Bitcoin is $108,700, down 0.8% over 24 hours.
For the moment, the people behind these movements are unknown, as is the reason for them.
