Dormant Bitcoin Wallet from 2011 Moves $44.29M in BTC After 12 Years of Inactivity

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Bitcoin

  • A 2011 Bitcoin wallet reactivated, transferring 400.08 BTC valued at $44.29 million.
  • The wallet originated from early mining inflows totaling 400.08 BTC.
  • Funds were split into dozens of new addresses, most remaining unspent.

A long-inactive Bitcoin wallet containing 400.08 BTC, originally mined 15 years ago, became active earlier today. After 12 years without movement, a Lookonchain post on X reveals that the wallet transferred the full balance worth $44.29 million at current prices into a series of newly generated addresses. The transactions occurred three hours ago, breaking down the original amount into smaller segments across multiple outputs.

Early Mining Origins Confirmed Through On-Chain Data

The wallet’s history traces back to Bitcoin’s earliest days. On-chain records show the 400.08 BTC was collected 15 years ago. The coins entered a now-identified wallet, 1CNfMwhrhJzUYo8MgNSzjEAFxnb9ihi…through three mining-related inflows. The first inflow included 100 BTC, followed by 50 BTC, and finally 250.08 BTC. All inflows were linked to early mining activity, consistent with patterns seen in Bitcoin’s pre-price era.

Source: X

Twelve years ago, the 400.08 BTC moved from its original holding wallet to a new address, ArUGfCLfuopJpmvXJoE5aKfYFLpxzw…. At the time of this transfer, the coins carried a combined market value of $226,180. Since that move, the wallet remained inactive for over a decade. Today’s movement marks the first activity since that 2011 transaction. The full 400.081 BTC balance exited the dormant wallet. The coins moved into dozens of fresh addresses in a structured series of transactions. 

Each transaction used multiple outputs to divide the funds into smaller units. Most outputs contained around 15 BTC, with each segment valued at approximately $1.66 million. Additionally, records show several micro transactions below 0.00001 BTC. These are classified as “dust” and often accompany larger movements to maintain technical functionality or traceability.

New Addresses Remain Unspent

All newly created addresses continue to hold the transferred BTC without further movement. On-chain status indicates the majority of outputs remain unspent. These destinations now house the redistributed funds, with no evidence yet of additional transfers.

The transaction flow utilized standard UTXO (Unspent Transaction Output) formats, reflecting common practices in large-value Bitcoin movements. Each output directed funds into a unique address, maintaining separation across the transaction structure.

Source: X

The full transaction path, starting from three early mining inflows 15 years ago to today’s multi-wallet distribution remains fully visible on-chain. From the original accumulation to the 12-year dormant period, each step reflects precise activity and verifiable history. Today’s distribution of the 400.08 BTC marks one of the most notable reactivations of early Bitcoin holdings in recent months.

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