In a remarkable turn of events, several ancient Bitcoin addresses abruptly woke up after lying dormant for more than 15 years, collectively moving 250 BTC at an astronomical profit of over 8,000,000,000%. These ancient Bitcoin addresses, which had not been active since 2009, recently transferred the Bitcoin, showcasing the massive profit margins generated over time.
Whale Alert, a whale-watching bot, reported the sudden activation of five long-inactive Bitcoin wallets on Friday, which collectively moved 250 BTC, valued at over $15.9 million at the time of the transfer.
Early Bitcoin Miners Behind the Sudden Activity
According to Lookonchain, a digital asset tracker, the five wallets are connected to early Bitcoin miners. Each of these wallets received 50 BTC in January or February of 2009. Lookonchain noted:
“Please be aware that many miner wallets dormant for over 15.5 years are now transferring BTC. These wallets originally received 50 BTC as mining rewards per block back in 2009.”
Profits Soaring into the Millions
Bitinfocharts provides more details on these transactions. One of the ancient Bitcoin wallets first received 50 BTC on February 2, 2009, and moved them on Friday, generating a profit of $3.17 million.
Another wallet received 50 BTC on January 31, 2009, transferring the coins on Friday, also netting a $3.17 million profit.
A third wallet also received 50 BTC on January 31, 2009, and moved them on Friday, achieving a $3.18 million profit.
The fourth wallet received 50 BTC on January 31, 2009, and transferred the coins on Friday, netting an additional $3.18 million profit.
The fifth wallet received 50 BTC on January 29, 2009, making the transfer on Friday and achieving a $3.18 million gain.
Bitcoin, which was trading well under $0.01 in 2009, has showcased remarkable growth, demonstrating that holders of these dormant wallets experienced profits exceeding 8,000,000,000%.
Bitcoin’s Value Surge Continues
At the time of writing, Bitcoin is trading for $63,104, marking a 17.5% increase over the past two weeks.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should conduct due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets and is not an investment advisor. Note that The Daily Hodl participates in affiliate marketing.
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