TREE NEWS reports: A Bitcoin wallet created on Nov. 2, 2011, moved 100 BTC at block height 967732, worth more than $8 million at current prices. The coins were bought at $3.24 each, a cost of about $324 — an unrealized gain of roughly 2,469,000%. Separately, four wallets created between February and March 2013 each moved 25 BTC, sending 100 BTC total to a BitGo custody wallet.
2011 Bitcoin Wallet Moves 100 BTC Worth Over $8M, Cost Basis $324
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AI take
The movement of coins dormant since 2011 is notable less for the profit than for the pattern: early-era holders are still capable of waking up and moving size, even as the broader market treats such wallets as lost supply. The 2013 cohort routing coins into a BitGo custody wallet points to a different motive, likely institutional or custodial consolidation rather than a spot sale. Whether these older coins continue to migrate toward custody infrastructure, or eventually reach exchanges, is the open question.
Generated by AI for reference only.
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