A Bitcoin wallet that had been inactive since 2013 has transferred 411.45 BTC, worth around $34 million at current prices, to a new address. The transaction is among several recent movements involving early Bitcoin holdings that had remained untouched for more than a decade.
Data from Arkham Intelligence shows that the wallet moved its full balance on Sunday. With Bitcoin trading near $82,600 per coin, the transfer represents approximately $34 million in value. When the owner received the coins in 2013, the holdings were worth only about $54,000.
The latest transaction follows other movements from dormant Bitcoin wallets. On Saturday, two addresses inactive for more than 10 years transferred a combined 417 BTC. The previous week, another large holder moved funds from a wallet that had remained unchanged since before the COVID-19 market crash.
The reactivation of early Bitcoin wallets often raises questions about whether long-term holders are preparing to sell. Similar transfers attracted attention in 2025, when several large holders moved coins after years of inactivity. However, moving funds to another private wallet does not necessarily signal an impending sale, particularly when the assets are not sent to an exchange.
The wallet received most of its holdings—approximately 411 BTC—on Sept. 11, 2013, when Bitcoin was priced at around $131. The owner subsequently left the funds untouched for nearly 13 years, remaining inactive through three halving events, Bitcoin’s 2017 rally, the collapse of FTX in 2022 and the launch of spot Bitcoin ETFs in 2024. During that period, Bitcoin’s value increased more than 600-fold.
Although the owner did not make any significant transfers, the wallet received dozens of small deposits over the years. Each was worth less than a dollar, and some came from addresses that Arkham identifies as linked to phishing.
These deposits may be associated with address poisoning, a scam in which attackers send tiny amounts of cryptocurrency to a wallet. The goal is to trick the owner into copying a fraudulent address from their transaction history and accidentally sending funds to the wrong recipient.
There is no indication that the Bitcoin holder fell for the tactic.
At 18:23 UTC on Sunday, the owner transferred the entire balance to a new address, paying a transaction fee of only 337 satoshis—less than a cent.
The receiving wallet has not sent any Bitcoin elsewhere, and the funds have not reached a cryptocurrency exchange. This activity is consistent with a possible security update or routine wallet reorganization, though the owner’s actual motivation has not been confirmed.
The transfer also changed the wallet’s address format. The original address used an older format, while the destination uses SegWit’s P2WPKH standard, which can improve transaction efficiency and lower fees.
Long-term holders sometimes move their assets to newer address formats as part of wallet maintenance. For now, the lack of further transactions provides no clear evidence that the $34 million Bitcoin holding is about to enter the market.
