In a rare and surprising move, eight long-inactive Bitcoin wallets have been reactivated after more than 14 years of silence. Over the past 24 hours, these wallets transferred a staggering 80.009 BTC, now valued at approximately $8.69 billion — marking the largest known transfer of its kind.
According to blockchain data, these Bitcoins were originally mined or purchased back in 2011, during what many call the “Satoshi era,” when prices ranged between just $0.78 and $3.37 per Bitcoin.
This unexpected activity represents the largest awakening of dormant Bitcoin wallets seen in recent years.
The identity of the wallet owner remains a mystery, but reports indicate the Bitcoins were moved into new addresses using modern formats for added security.
As per CoinDesk, each of these wallets holds over $1.1 billion in BTC value, reflecting an astronomical price increase of around 13.9 million percent since their initial acquisition.
While it appears a single individual or entity controls all eight wallets, no official ownership claim has been made.
A single entity moved $8.6 BILLION of BTC from 8 addresses in the past day.
— Arkham (@arkham) July 4, 2025
All of the Bitcoin was moved into the original wallets on either 2nd April or 4th May 2011 and has been held for over 14 years.
Currently, the Bitcoin is sitting in 8 new addresses and has not been… pic.twitter.com/nm53tVRzLJ
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