6500 BTC Activated After Six Years of Dormancy
02.11.2023
6500 BTC Activated After Six Years of Dormancy

On November 1st, a movement of 6500 BTC was recorded from three wallets that had been inactive since November 2017. Currently, their total estimated value reaches approximately $230 million.

According to data from OKLink, these coins are part of the "ancient stash," meaning they were mined over seven years ago. A portion of the bitcoins was sent from an address associated with F2Pool, which may suggest ownership by early miners.

Over the past six years, one of the wallets has demonstrated an unrealized profit of more than $68 million, according to Bitinfocharts data.

Since the beginning of 2023, over 20,000 BTC have been "awakened," half of which were mined between 2011 and 2013.

It is also noteworthy that in early October, the owner of a wallet with 2995 BTC carried out a transaction with these coins for the first time in six years.

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