Dormant Bitcoin Wallet Moves 100 BTC After Nearly 15 Years

Published: 2026-09-19 21:25:22 |

A dormant Bitcoin wallet created on 2 November 2011 transferred 100 BTC at block height 967,732. The coins originally cost about $324, based on a Bitcoin price of $3.24, but were worth more than $8 million at the time of the transfer. The unrealised return was approximately 2.469 million percent. On the same day, four wallets created between February and March 2013 each moved 25 BTC. The combined 100 BTC was sent to a BitGo custody wallet. On-chain data suggests the coins came from March 2013 mining rewards, and the miner has made similar transfers to BitGo since August 2025. The two transactions involved 200 BTC worth more than $16 million in total. The 2011 wallet sent the funds to a new P2WPKH address that was not labelled as an over-the-counter desk or centralised exchange. Blockchain data cannot confirm whether the 2013 miner’s BTC has been sold. The Bitcoin wallet movements may attract trader attention, but there is no confirmed exchange deposit or evidence of immediate selling pressure.

Neutral

The market impact is neutral because the transfers do not show confirmed selling activity. The 2011 Bitcoin wallet moved its funds to a new P2WPKH address rather than a known centralised exchange or over-the-counter desk. The 2013 mining rewards were sent to BitGo, a custody provider, which may indicate asset management, institutional custody or preparation for a future transaction rather than an immediate sale. In the short term, dormant Bitcoin wallet activity can increase volatility and trigger speculation, particularly when large, highly profitable holdings move after many years. Traders may monitor whether the BTC later reaches an exchange, which would represent a clearer potential supply signal. Without that confirmation, the transactions alone are unlikely to create sustained bearish pressure. Historically, transfers from early Bitcoin miners or long-dormant wallets have sometimes caused temporary market concern, but market direction generally depends more on whether the coins enter exchanges, broader liquidity, derivatives positioning and macroeconomic conditions. Over the long term, the transactions highlight the large unrealised gains held by early Bitcoin participants and may reinforce interest in on-chain monitoring, but they do not materially change Bitcoin’s supply fundamentals.