A dormant Bitcoin wallet, originating from the Satoshi era, with a value of $442 million, has recently stirred back to life, moving some of its assets after 14 years of inactivity.

This wallet, which was last active in June 2011 after mining a total of 4,000 Bitcoin between April and June 2009, made headlines when it transferred 150 Bitcoin, estimated to be worth over $16 million, in a single transaction.

According to on-chain data from Nansen, the wallet might have previously held 7,850 Bitcoin but was consolidated to 4,000 during its last recorded activity.

Bitcoin was approximately trading at $110,604 as of Friday, indicating the wallet’s entire crypto assets could be valued at a staggering $442 million.

Possible Former Holdings

Blockchain analyst Emmett Gallic noted on X that the wallet likely possessed 8,000 Bitcoin spread over various addresses and had been incrementally liquidating through another account for several years. His insights also pointed out the recent movement of 150 BTC as part of a larger selling strategy.

Additionally, another early adopter’s wallet with 80,201 tokens made headlines recently for transferring its holdings to Galaxy Digital after lying dormant for 14 years.

Analysts suggest that these awakenings of long-held Bitcoin wallets might reflect early investors considering sales, but it should not raise alarms as new buyers have been entering the market, showcasing a growing ecosystem.