Bitcoin wallet dormant since 2011 moves $3.2 million toward FalconX-linked address
A Bitcoin wallet that has been dormant since 2011 recently moved 50 BTC, worth approximately $3.2 million, to a new address. While the movement has sparked speculation, there is no on-chain evidence that the funds have been sold or moved to an exchange.
Why it matters
Large movements from early-era 'whale' wallets often trigger market interest and highlight the security risks associated with long-term digital asset storage.
The wallet received the coins on July 16, 2011, when bitcoin traded around $10, and had not spent them since, according to Galaxy Research . The 49.97 BTC position is now worth roughly $3.2 million after surviving more than a decade of bitcoin booms, crashes and exchange failures.
The transaction , included in block 961331 at 20:14 UTC on Aug. 6, combined four inputs from the dormant address totaling 49.97 BTC with two smaller inputs from other addresses. Exactly 50 BTC was sent to a SegWit address, while a second output received about 0.00116 BTC after fees.
SegWit is a newer Bitcoin address format that makes transactions more space-efficient and generally cheaper to send. Addresses beginning with bc1 use it.
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