So, picture this: it’s Tuesday, the sun is shining, and Bitcoin is lounging like a millionaire on a yacht, comfortably above $110,000, specifically at $113,850 by 4 p.m. Eastern time. And then, out of nowhere, a long-time holder decides to wake up from their digital slumber and moves 1,100 BTC – worth a jaw-dropping $125.23 million – for the first time in more than eight years. Talk about a dramatic entrance! 🎉
Long-Dormant Bitcoin Fortune Reappears
Following last month’s record spends, it seems dormant bitcoins are still stirring in August like a bear waking up from hibernation. On Aug. 5, btcparser.com discovered a once-quiet whale holding coins obtained on Jan. 17, 2017, Jan. 22, 2017, and June 24, 2017, that activated 11 wallets containing 100 BTC each. The legacy Pay-to-Public-Key-Hash (P2PKH) wallets sent the coins to 11 brand new Pay-to-Witness-Public-Key-Hash (P2WPKH) addresses. Who knew wallets could have such a dramatic makeover? 💅
As of this writing, the funds worth $125.23 million remain untouched in those new wallets. It’s like finding a forgotten stash of cash in your old jeans! Notably, the owner had already moved the related bitcoin cash ( BCH) linked to these bitcoins back on Jan. 17, 2018, when the entity transferred roughly 3,000 BCH at that time. The newly created P2WPKH addresses discovered on Aug. 5, 2025, each hold about $11.37 million, or exactly 100 BTC. That’s a lot of zeros! 💸
Now, let’s rewind to Jan. 17, 2017, when BTC was priced around $899.66 apiece. Fast forward to late June 2017, and it was frolicking between $2,400 and $2,700. By the end of that month, our holder’s stash of 1,100 coins was worth about $2.97 million – a stark contrast to today’s $125.23 million. Who knew that doing absolutely nothing could be so profitable? 🙄
Last month’s wave of dormant bitcoin activity was massive, with at least 80,000 coins sold on the open market. Still, many transfers – and possibly this 1,100 BTC move on Tuesday between blocks 908768 and 908773 – appear to be about consolidating funds into wallets using newer address formats. These updated formats are thought to offer advanced features and stronger security, including enhanced signatures and defenses against transaction malleability. Because who doesn’t want their money to be as secure as a vault? 🔒
Buzzworthy headlines about potential quantum computing advances may be adding fuel to this shift. Because, of course, we need more reasons to stay up at night worrying about our digital fortunes! 😅
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2025-08-06 01:35