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Crypto

Bitcoin wallet dormant for 14 years and 9 months moves, up 2,486,052 percent

A bitcoin wallet holding 100 bitcoin that had been inactive for 14 years and 9 months has moved funds, with the holdings up about 2,486,052 percent from when first received in November 2011. Galaxy Research classified the address as “Noah Doe #3113,” a label linked to a New York lawsuit seeking ownership confirmation for more than 3.7 million bitcoin tied to 39,069 addresses. The owner’s intent behind the move remains unconfirmed.

Crypto

Decade-old bitcoin wallets stir as 553 BTC moved from six dormant wallets

Six bitcoin wallets that had been inactive for more than 10 years moved a total of 553.59 BTC over the past 10 days, worth about $40.15 million at current value. Galaxy Research tracked transfers from wallets last active in 2011, 2012 and 2014. Some wallets carried tags linked to a New York court case seeking dormant bitcoin addresses to be treated as unclaimed property. The exact reason for the transfers was not confirmed.

Crypto

Dormant bitcoin awakens after 14 years, ownership dispute in focus on 720,000 percent return

A cache of 30 bitcoin that had not moved for more than 14 years has recently been transferred, drawing attention. The coins were first received on Aug. 7, 2011 and moved in bitcoin block 956627. Galaxy Research said the wallet had been dormant for 14 years and 9 months, valuing the holdings at $1.88 million and calculating a 719,353 percent return based on a $9 average purchase price. The coins are linked to an ongoing ownership lawsuit in New York.