Well now, ain’t this a curious tale! Bitcoin, that slippery little rascal, is still prancing about above the $100,000 mark, though it seems to be losing its grip since it hit the high notes. This week, four ancient wallets from the year of our Lord 2011 decided to stretch their legs, moving a whopping 221.99 BTC—worth over $23 million—for the first time in nearly 14 years. Talk about a long nap! 💤
Old Bitcoin Stashes Stir from Their Slumber
Now, let me tell you, those early-era bitcoin stashes from 2009, 2010, and 2011 are as rare as hen’s teeth these days. They sit there, gathering dust, while a treasure trove of unspent transaction outputs (UTXOs) remains as idle as a cat on a sunny windowsill. On May 29, the price of bitcoin was doing a little dance, fluctuating between $107,107 and $109,057 per coin. During the block heights 898916 through 898965, four Pay-to-Public-Key-Hash (P2PKH) addresses transferred the 221.99 BTC.
Each of those coins from 2011 found their way into another P2PKH address, eventually landing in the old-timey wallet labeled “1AdsC,” which now holds 279.96 BTC valued at a staggering $29.3 million. The tracker btcparser.com flagged this batch of four wallets (1, 2, 3, 4)—one of which kicked things off with a 64 BTC transfer at block 898916. The second followed right after, pushing 68 BTC in the next block, while a third address moved 60 BTC at block 898919.
The fourth wallet rounded things out with a 29.99 BTC transfer at block 898965. All four wallets had received their BTC back between July and August 2011, when prices were as low as a snake’s belly, ranging between $6.55 and $11.65 per coin. That puts the stash’s original value at a mere $2,586—marking a jaw-dropping gain of roughly 889,325%. Now that’s what I call a return on investment! 💸
Before these 221.99 coins were sent off to the races, another group of 2011-era wallets had already stirred earlier in May (1, 2, 3, 4). One moved 10 BTC on May 2, followed by another on May 16 that sent 10.673 BTC across two transactions at block heights 896906 and 896909. Then on May 23, a 2011 wallet pushed out another 20 BTC at block 898040. With these transfers added in, dormant BTC wallets from 2011 have now dispatched 262.663 BTC this month alone. Who knew old wallets could be so lively? 🎉
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2025-05-31 04:57