CoinDesk·3 min read·hard
Bitcoin wallet dormant since 2011 moves $3.2 million toward FalconX-linked address
S
Shaurya Malwa
✦AI Summary
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.
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.
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