A major Bitcoin holder, whose wallet had remained inactive since November 2013, transferred 500 BTC to a new address. The value of this transaction at the time of the transfer was approximately $41 million, attracting the attention of analysts and market participants.
This is reported by Finway
Details of the transfer and asset dynamics
According to network information, the transaction took place on April 10, 2026. The funds were transferred from the address “1KAA8…d882j” to a new wallet “bc1qm…hjrxy”. After more than 12 years of holding, its value increased nearly 89 times: while in 2013, 500 BTC were worth about $457,000, now the value exceeds $41 million.
“During the holding period, the value of the assets increased nearly 89 times.”
The reasons for such a large transaction remain unknown. However, similar activity from holders of large amounts of Bitcoin often sparks discussions in the market, as it may precede the sale of assets or transfers to cryptocurrency exchanges.
Increased activity of old wallets
The last few months have been characterized by heightened activity from “sleeping” addresses. For instance, in April, one participant of the Ethereum ICO transferred about $23 million in ETH for the first time since 2015. In March, an address with 2100 BTC (over $147 million at the time of transfer) was activated after approximately 14 years without any transactions. In 2012, this portfolio was valued at only $13,685.
Against the backdrop of such events, Bitcoin maintains a price above $80,000. Over the past week, the price of the first cryptocurrency has risen by 2.9%, and over the month – by 10.8%. The price increase is accompanied by heightened interest in large transactions and the movement of funds from early investors’ wallets.
Previously, JAN3 CEO Samson Mow supported the potential sale of Bitcoin by Strategy, emphasizing the importance of the dynamics of large players for the market.