A Bitcoin holder who left their wallet untouched for nearly 13 years has transferred 411.45 BTC worth approximately $34 million to a new address. The move adds to a growing number of transactions involving early Bitcoin wallets that have recently become active after years of dormancy.
Blockchain data from Arkham Intelligence shows that the wallet transferred its entire 411.45 BTC balance on Sunday. With Bitcoin trading at around $82,600, the holdings are now worth roughly $34 million. When the coins were acquired in 2013, their combined value was approximately $54,000.
The transfer is part of a wider trend involving long-inactive Bitcoin addresses. A day earlier, two wallets dormant for more than a decade moved a combined 417 BTC. The previous week, another large holder shifted funds from a wallet that had remained inactive since before the COVID-19 market crash.
These movements have drawn attention because transfers from early Bitcoin holders can trigger speculation about potential selling pressure. Similar activity occurred throughout 2025, when several major holders moved coins after years of inactivity. However, transferring Bitcoin to a fresh private address does not necessarily indicate an intention to sell.
The wallet involved in Sunday’s transaction received approximately 411 BTC on Sept. 11, 2013, when Bitcoin traded near $131. The owner made no major purchases, sales or transfers for about 13 years, holding through three Bitcoin halvings, the 2017 bull market, the 2022 FTX collapse and the launch of spot Bitcoin exchange-traded funds in 2024. Over that period, the asset’s price rose more than 600 times.
Despite the wallet’s long period of inactivity, it received dozens of tiny deposits over the years, each worth less than a dollar. Some came from addresses Arkham labels as associated with phishing activity.
Such deposits can be part of an attack known as address poisoning. Scammers send small amounts of cryptocurrency to a wallet in the hope that its owner will later copy a lookalike address from their transaction history and mistakenly send funds to the wrong destination.
The owner appears not to have fallen victim to the tactic.
At 18:23 UTC on Sunday, the holder moved the entire balance to a new address, paying a transaction fee of just 337 satoshis, worth less than a cent.
The funds have not been sent to an exchange, and the new wallet has recorded no outgoing transactions since receiving the Bitcoin. This suggests the transfer may have been related to wallet management or security rather than an imminent sale, although the owner’s intentions remain unknown.
The transaction also moved the coins from an older Bitcoin address format to a SegWit address using the P2WPKH standard. This format supports more efficient transactions and can reduce fees.
Long-term holders may migrate assets to newer address formats to improve efficiency and update their wallet arrangements. Unless the funds are transferred to an exchange or moved again, the transaction alone does not establish that the Bitcoin will be sold.
