Bitcoin whale address moves $41 million in BTC after 12-year dormancy: onchain data

An on-chain analysis reveals that a Bitcoin whale address, which remained dormant for an impressive 12 years, recently initiated a significant movement of its holdings. The address transferred 500 BTC, a sum now valued at approximately $41 million. This movement underscores the dramatic appreciation of Bitcoin over the past decade; the 500 BTC originally held in the address were valued at just $457,070 at the beginning of the dormancy period. Over these 12 years, the value of this specific Bitcoin holding surged 89-fold, highlighting the long-term investment potential and value accrual within the Bitcoin network.