Web Analytics
Monday, February 3, 2025

The holder withdrew the bitcoins that had lain for 9 years and rose in price by 7 thousand times

The value of digital coins that have been stored in the wallet since May 2012 increased from $ 3.7 thousand to $ 26.1 million.

On July 12, two transactions were recorded to transfer 740 bitcoin, which had been motionless on the wallet of a certain holder since May 2012.

Nine years ago, the cost of these coins was $ 3.7 thousand ($ 5 per BTC), and at the time of the transaction – $ 26.1 million. For 9 years, the value of digital coins has increased 7 thousand times.

The withdrawal of the cryptocurrency was announced on Twitter by the Whale Alert analytical service.

Similar movements were recorded in February 2021. Then a large bitcoin holder transferred 100 coins to other addresses, which had been in his wallet without moving since June 2010.

Then their total cost was about $ 8, and at the time of the transaction it reached $ 5 million – over 11 years the price increased 622.5 thousand times.

In October 2020, an unknown user transferred bitcoin that had been inactive since 2010. A total of 50 BTC was sent then.

Read More *** Bill Miller named bitcoin as the best defensive asset against inflation

***Why is now the best time to cryptocurrency mining?

Related Articles

Stay Connected

3,477FansLike
4,500FollowersFollow
1,200FollowersFollow
3,912FollowersFollow
1,222SubscribersSubscribe

Trump Media Takes a Bold Leap into the Future of Finance: A $250 Million Crypto Adventure

0
In a move that underscores the growing intersection of technology, politics, and finance, Trump Media and Technology...

Latest Articles

Random