11-Year-Old Bitcoin Wallet Transfers 1,000 BTC for the First Time

An old BTC wallet established on Sept. 25, 2012, moved 1,000 BTC at block height 852190, as discovered by btcparser.com.

An old bitcoin wallet, created on Sept. 25, 2012, has transferred 1,000 bitcoins for the first time, according to onchain data.

1,000 BTC From 11-Year-Old Wallet Move for the First Time

An old BTC wallet, established on Sept. 25, 2012, moved 1,000 BTC at block height 852,190, btcparser.com discovered. This activation occurred as BTC reached the $60,000 range for the first time in almost two weeks.

The 1,000 BTC, valued at slightly over $60 million, sat dormant for 11 years and nine months. On the day the BTC was acquired, it traded at $12.10 per coin.

So, while the 1,000 bitcoins moved today are valued at $60 million, they were initially acquired for $12,100. The original wallet from 2012 was a legacy wallet, known as a P2PKH (Pay-to-Public-Key-Hash) address. The funds were sent to a native Segregated Witness or Bech32 address and, at the time of writing, remain in that wallet.

Most users are paying under 7-9 satoshis per virtual byte (sat/vB), but the user spent 19,107 sat/vB to execute this transaction. Instead of paying $0.68 or 8 sat/vB, the owner of the 1,000 BTC paid 19.41 times more, spending $11.45 for the transfer.

This transaction was also somewhat more private than typical dormant bitcoin transfers, scoring 75 out of 100 via Blockchair’s privacy tool. The transaction received a “moderate” score due to multiple instances of the same address in the inputs.

Dormant bitcoins from 2012, 2011, and 2010 have become quite rare, and a 1,000 BTC transfer is unusual. The 2012 owner has benefited significantly from BTC’s value increase, with the stash appreciating by 495,850.41% against the U.S. dollar. This reflects an immense spike, representing nearly a 4,959-fold increase in value.

What do you think about the 1,000 bitcoins that were moved from a vintage 2012 wallet on Sunday? Let us know what you think about this in the comments below.