Dormant Bitcoin wallet holding 321 BTC activated after eight years

Posted by Arnold Kirimi, cointelegraph.com

Share on Facebook

Tweet on Twitter

A Bitcoin wallet containing millions of dollars worth of Bitcoin has come out of dormancy. For one reason or another, the wallet has not transacted for years despite having what is considered life-changing money.

The wallet had not been used since 2013, barely a few years after the mysterious Bitcoin creator Satoshi Nakamoto disappeared. The wallet currently contains $15 million worth of BTC, and it’s unclear who owns this account or why it was reactivated on Tuesday.

The wallet has 321 BTC. After eight years, the value of this amount has increased from $6,594 to a staggering $15,103,046. By now, the funds in the wallet had appreciated almost 2,300 times.

The Bitcoin community is abuzz with speculation about who owns the wallet and why it has just come out of dormancy. Some believe that it could be a whale — an individual or group with a large stash of Bitcoin — who is about to make a move that will shake up the market…read more.