A dormant Bitcoin wallet, originally from the Satoshi era, has reactivated after 13 years. This wallet transferred a total of 909.38 BTC, or around $84.6 million today, into a new BTC address.
Onchain data from blockchain analytics company Arkham Intelligence indicates that this wallet first acquired Bitcoin in 2013 when the price was below $7 per coin. If the same amount had been invested in a low-cost S&P 500 index fund instead, it would have appreciated to approximately $37,000 now, marking a 481% increase.
Comparatively, gold prices have risen around 150% over the same time frame, which seems modest against Bitcoin’s staggering increase of 13,900x.
A dormant BTC wallet wakes up. Source: Arkham Intelligence
The movement of this dormant wallet coincides with a revival of older wallets since 2024–25, during which long-term holders have collectively moved over $50 billion in Bitcoin. Analysts are paying close attention to whether these funds will be transferred to known exchange wallets, as the recent activity could be just a precautionary measure, a change in custody, or a potential precursor to selling.
Recent discussions around quantum risks to Bitcoin’s security may also be motivating these changes as older UTXOs, having revealed their public keys, could be vulnerable.
As always, investors must remain aware and vigilant in the evolving cryptocurrency landscape.
