Dormant Bitcoin Wallets Reactivate, Move 250 BTC Worth $16M in Five Transactions

Sep 20, 2024, 07:06 AM

Several dormant Bitcoin wallets, inactive for over 15 years, have been reactivated and transferred a total of 250 BTC, worth approximately $16 million, in five separate transactions to new wallets on Friday. These wallets, often referred to as 'Satoshi era' wallets, received the Bitcoin as mining rewards back in January 2009. The movements were first noted by Lookonchain and have been confirmed by multiple sources. Each wallet transferred 50 BTC, with individual transactions valued between $3.05 million and $3.19 million.