A Bitcoin wallet that has been dormant since purchasing 306 BTC in late March 2013 has reactivated, splitting its stash between two new wallets, blockchain data show.
The wallet, first flagged by Whale Alert, spent around $23,700 on the 306 BTC across two transactions at the time, according to blockchain data from bitinfocharts. Now, with Bitcoin currently trading at over $115,200, the early adopter’s stash is worth about $35.3 million — a return of nearly 1,500x.
The wallet, which until today saw no significant activity since the purchase, split its stash, sending 200 BTC to one wallet and 106 BTC to another, with neither receiving wallet showing any previous transaction history. The owners of the wallets are currently unknown.
The transfer follows a spate of recent reactivations of early bitcoin adopters’ wallets. On July 23, $1.26 billion worth of BTC were moved through wallets tied to a whale after a few years of dormancy, and on July 24, a wallet that hadn’t been active since 2011 moved $460 million worth of BTC.
Analysts have speculated that early adopters may be moving to cash out as bitcoin hovers around its all-time high price around $123,000. Bitcoin currently trades at $115,300, according to The Block’s Bitcoin Price page.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
