Dormant Bitcoin holder moves $2 billion BTC from 2011 for potential 14,000,000% gain - adtechsolutions

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Dormant Bitcoin holder moves $2 billion BTC from 2011 for potential 14,000,000% gain


Two bitcoin wallets have been inactive for 14 years have transferred a combined 20,000 BTC worth approximately $ 2.18 billion, 4 July. transaction came from a separate address This contained $ 10,000 from April 3, 2011, when the price of assets was about $ 0.78.

Analytical account Lookonchain First he marked the movements of the on-alignment, which described in detail two separate 10,000 BTC gears that occurred in minutes apart.

The blockchain data confirms that both wallets, 12TLS9C9RSALT4OCKXA1HB4ITCTSMXJ and 1kbxrskrt3geetuuuyusq35jwkbraw, were financed on the same day from a single source address and directed to a common owner.

The original acquisition costs of a total of 20,000 BTCs amounted to approximately $ 15,610, which is a return on approximately 140,000 times the initial investment or approximately 14 million percent.

Bitcoin Og moves 10k BTC (source: bitinfocharts)
Bitcoin Og moves 10k BTC (source: bitinfocharts)

This event includes the movement of capital from the earliest network days, a period that is often referred to as “satoshi era”.

While such transfers can create concerns about a large number of coins sold, the nature of these specific transactions adds an event of another texture.

One block of 10,000 BTC was sent to Legacy Pay-to-Public-Key-Hash (P2PKH), while the other was directed to the modern address Bech32 Segwit.

The use of different types of addresses can be interpreted as a sophisticated holder managing assets than as direct disposal.

The movement represents the consolidation of huge, long -term assets and the transfer differs from sales on the stock exchange. However, it is possible that a OTC trade is being prepared.

20,000 BTC now live in two new addresses, while the owner’s final intentions for capital have to be revealed by further conduct on the chain.

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