Dormant Bitcoin Whale of 691 BTC Awakens After 12.5 Years, Moves 100 BTC ($12.49M) Bought for Just $9,200 — Still Holds 591 BTC
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COINOTAG News reported on October 7 that, per Onchain Lens monitoring, a long-dormant Bitcoin holder of 691 BTC — inactive for approximately 12.5 years — has moved 100 BTC into two separate wallets. The transferred tranche is valued at roughly $12.49 million at current market rates, according to on-chain pricing data.
The wallet’s original acquisition cost for those coins was about $9,200, indicating substantial historical appreciation on paper. After the transfers, the address still retains 591 BTC, with an estimated market value near $73.67 million, reflecting continued concentrated holdings in a single asset.
Such long-dormant address reactivations are routinely tracked by on-chain analytics firms to monitor changes in liquidity and broader supply metrics; this report sticks to verifiable on-chain movements without inferring motive or speculative market impact.