Skip to main content

From $10,000 to $24 Million: 909 ‘Sleeping Bitcoins’ From 2012 Stir After 11 Years

From $10,000 to $24 Million: 909 'Sleeping Bitcoins' From 2012 Stir After 11 Years

According to records, a batch of five transactions from “sleeping bitcoin” addresses, established more than 11 years ago in 2012, transferred 909.89 BTC valued at $24.88 million. The value of the whale’s cache of bitcoin when it was acquired was less than $10,000.

The 11-Year Slumber: $24.88M in Bitcoin Emerges From 2012 Wallets

Another set of vintage bitcoins from 2012 was transferred for the first time in more than 11 years. This means a total of nine 2012 so-called “sleeping bitcoin” transactions have now occurred in 2023. While we can’t officially determine if the owner was a single entity, clustering heuristics and the acquisition dates suggest it’s likely a single owner movement. The first transaction moved 199.99 BTC from the address “1NmFy,” confirmed at block height 808,207. This particular transaction employed minimal privacy techniques.

The batch of 199.99 BTC was secured on February 14, 2012. The second transaction involved 185.12 BTC, which was also acquired on February 14, 2012. Funds from the address “1DV45” were sent using minimal privacy techniques, as per Blockchair’s privacy analysis. The funds from “1DV45” were confirmed three blocks later than the first transaction, at block height 808,210.

The third set of transferred bitcoins was secured on July 12, 2012, when BTC traded at $7.15 per coin. It originated from the address “1BXuj,” sending 97.41 BTC, confirmed at block height 808,212. The fourth batch of BTC, from “19UrN” created on March 6, 2012, transferred 276.22 BTC, confirmed at block height 808,213. The fifth and final transaction from the 2012 wallet, “1BBvb,” moved 151.15 BTC. The wallet was created on July 20, 2012.

All five transactions were detected by btcparser.com’s blockchain tool, “btcparser1.” This tool was designed specifically to monitor the activity of sleeping bitcoin addresses. It continuously observes the blockchain for activity associated with 64,529 such bitcoin addresses. In 2023, with nine transactions from 2012, vintage bitcoin holders transferring funds from that year moved a combined total of 4,610.86 BTC valued at $126.12 million.

What do you think about the five 2012 bitcoin transactions transferred on Sunday? Share your thoughts and opinions about this subject in the comments section below.



from Bitcoin News https://ift.tt/KNYm53U
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...
10 comments
Read more

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought...
Post a Comment
Read more

2021 Bitcoin Price Predictions: Analysts Forecast BTC Values Will Range Between Zero to $600K

As bitcoin has touched new price highs on Thursday nearing the $50k handle, people have been curious as to where the price will go in the future. Meanwhile, despite the gains so far, a number of luminaries, analysts, executives, and proponents from the crypto space believe the leading crypto asset will reach between $60k to six-digits this year. Mike Novogratz Predicts $100K Bitcoin: ‘Other CFOs and CEOs Are Saying, What Should We Be Doing?’ Satoshi Nakamoto’s invention has gained mass appeal in recent times as the leading digital asset bitcoin ( BTC ) has reached its highest value ever in 2021. On Thursday morning (EST), BTC spiked to an all-time high (ATH) at $48,697 per unit. Earlier in the morning at around 2 a.m., bitcoin was exchanging hands for $44,485 and saw an 8.98% increase since then. At the time of publication, at 6:30 p.m. (EST) on February 11, 2021, bitcoin (BTC) is swapping for $47,821 per coin. With BTC so close to the $50k mark, people have been forecasting ...
Post a Comment
Read more