Under the cover of darkness early Saturday morning, July 22, 2023, precisely at 12:51 a.m. UTC, a former dormant bitcoin address, home to 1,037.42 BTC—valued at $30 million—stirred to life for the first time since 2012.
Long-dormant Bitcoin Address Springs to Life, Moving $30 Million Hoard
July has seen eight so-called ‘sleeping’ bitcoin wallets, untouched since 2012, break their over 11-year hibernation, initiating transactions for the first time. A total of approximately 1,216.92 BTC, which had remained in a state of inertia for the past decade, were shifted this month. The prior seven instances of bitcoin activity from 2012, involving dormant wallets, totaled 179.50 BTC before the slumbering whale address moved a colossal 1,037.42 bitcoins on Saturday.
The recipient address of the 1,037.42 BTC first acquired the coins on April 11, 2012, with the digital currency remaining untouched ever since. On this acquisition date, a single BTC traded at a mere $4.84, valuing the entire
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