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Veteran Holder Moves 500BTC After Over 12 Years of Dormancy, Realizing an Approximate 88-Fold Gain

2026/05/11 11:10 (Updated 2026/05/11 18:00)
CoinPost
Written by Enzo
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Veteran Holder Moves 500BTC After Over 12 Years of Dormancy, Realizing an Approximate 88-Fold Gain

Original Purchase Price Around $914

Original Purchase Price Around $914

On November 11, the on-chain analysis account Lookonchain reported that a wallet (Address: 1KAA8G) belonging to a long-standing Bitcoin (BTC) holder, which had been dormant for over 12 years, transferred 500BTC (approximately $40.62 million/around 5.9 billion yen).

This wallet received the 500BTC more than 12 years ago when the price of BTC was approximately $914 per BTC...

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