Six Bitcoin Wallets Dormant for More Than a Decade Move $40 Million

Six Bitcoin wallets that had remained inactive for more than a decade moved funds during the week spanning Aug. 16 to Aug. 26, according to Decrypt. Together, the wallets transferred tens of millions of dollars’ worth of BTC, with the total reported at about $40 million. The activity followed Bitcoin’s entire boom period, as the wallets had stayed dormant while the cryptocurrency went through its major expansion. The transfers highlight the movement of long-held Bitcoin from addresses that had shown no activity for many years. Decrypt reported the transactions on Aug. 26, without providing further details in the available material about the wallet owners or the reason for the transfers. The movements are relevant to Bitcoin market watchers tracking activity among very old holdings.