Two Bitcoin whale addresses, dormant since 2011, transferred a combined 20,000 BTC (worth over $2 billion ) to new wallets on Friday, July 4 . The transactions originated from:
- 12tLs9c9RsALt4ockxa1hB4iTCTSmxj2me
- 1KbrSKrT3GeEruTuuYYUSQ35JwKbrAWJYm
These coins had remained untouched since April 3, 2011 , when Bitcoin’s price was just $0.78 . At today’s price of $109,000+ per BTC , the whales’ profits exceed 140,000x their initial investment.
Key Details:
Additional Movement : A third (older but active) whale moved 10,000 BTC ($1 billion) , bringing the day’s total to 30,000 BTC transferred.
No Immediate Sale Indicated : Funds were not sent to exchange-linked addresses, suggesting asset reorganization or strategic planning rather than a sell-off.
Potential Common Owner : The simultaneous transfers hint the addresses may belong to the same entity (e.g., an investor or organization). Journalist Pete Rizzo speculated they could be tied to Bitcoin pioneer Roger Ver.
Historical Context:
This follows a trend of long-dormant addresses reactivating:A whale moved 1,000 BTC to Coinbase Pro after 6 years of inactivity.
A miner transferred 50 BTC to Binance from a 14-year-old address.