Dormant Bitcoin Wallet Resurrects After 11 Years With Over 42,000% Unexpected ROI

A long-standing Bitcoin (BTC) address has been reactivated after more than 11 years of inactivity. According to a blockchain tracking service, the wallet containing 100 BTC came back to life on August 29. Well alert.

Worth just $14,202 when the address was last used in 2013, the crypto stash has jumped over 41,000%, and is now worth $6.02 million in the largest cryptocurrency.

Crypto community response

There were some interesting reactions from the crypto community following the revelation, some simply fearing the owner's patience.

“Imagine holding 100 BTC for over a decade and seeing it go from $14k to nearly $6 million. That's the true definition of diamond hands,” commented one X user.

Another said, “Sad about reaching $73k?” He speculated. This is on top of Bitcoin hitting a high of $73,798 earlier in the year. That price would have put the nest egg at more than $7.3 million if the owner had opened it.

History of reactivation

Interestingly, this isn't the first time a crypto owner's dormant Bitcoin address has come back to life in recent weeks. August 7 another wallet motivation Transferring 250 BTC worth nearly $14 million.

That address is linked to an anonymous miner whose initial price of the coin is believed to be around $250, and which was last activated in May 2010.

In the year On August 17, another 18 BTC was reactivated after 10.3 years of cobweb collection. At the time of the reset, the money at that address was about $1.091 million, a significant jump from 2014's $9,204 position.

A March 2024 report by blockchain data platform Chainalysis estimated that there are more than 1.7 million BTC addresses that have been inactive for more than a decade. Since they were last active, it is widely known as the Satoshi era, which is a tribute to the mysterious creator of Bitcoin.

Back then addresses are often associated with early cryptocurrency miners or those who bought the coin when it was cheap. Often, their owners return to great profits, the price of cryptocurrency has increased In a big way In the meantime.