12.5-Year-Old Bitcoin Wallet Empties 500 BTC (~$40.6M)

A Bitcoin wallet created on Nov. 27, 2013 moved 500 BTC at block 948,822 on May 10, ending 12.5 years of inactivity. At current prices the coins are worth about $40.6 million.

The address received the 500 BTC in late 2013 when Bitcoin traded near $923, giving the coins an original value of about $461,500. With Bitcoin trading in the low $80,000s, the holding represents roughly an 88-fold increase over the original value.

On-chain records show the 500 BTC left the 2013 address in a single transaction that emptied the wallet at block 948,822. As of this report, those coins have not been identified as reaching any known exchange deposit addresses.

The transfer was one of several long-dormant addresses that became active on May 10. Between blocks 948,694 and 948,822, wallets created between 2013 and 2017 moved a combined 859.13 BTC, about $69.5 million at current prices. Among those were six transactions totaling 319.13 BTC from addresses that first received funds in 2017 and four separate transactions of 10 BTC each from addresses created in 2014.

If the coins are later associated with an exchange deposit address, they would be available for trading on that exchange. If they remain in private addresses, the movement could reflect a custody transfer or an internal consolidation.

Dormant wallet activity has appeared several times in recent years. A miner wallet from 2010 moved 2,000 BTC to an exchange in January. In September 2025 a 12-year-dormant address transferred 1,000 BTC ahead of a Federal Reserve decision. An early investor sold about 11,000 BTC across multiple transactions in March, totaling more than $1 billion.

On-chain measures recorded a revived supply reaching about $2.9 billion per day in October 2025. The average age of spent coins rose from roughly 26 days in early 2023 to about 100 days by October 2025.