Dormant 2013 Bitcoin Whale Moves 411.45 BTC Worth About $34M to SegWit Wallet

A Bitcoin $BTC wallet that had remained completely inactive since September 11, 2013 transferred its entire balance of 411.45 BTC — valued at roughly $34M based on a price of about $82,600 per coin — to a new private address at 18:23 UTC on Sunday, according to blockchain data from Arkham Intelligence. The owner originally received the bulk of the funds, some 411 BTC, when the cryptocurrency traded around $131 and the total balance was worth just $54,000, holding the position untouched through a more than 600-fold gain across three halvings, the 2022 FTX collapse, and the 2024 launch of spot Bitcoin ETFs. The holder executed the $34M transfer for a transaction fee of 337 satoshis — a fraction of a single cent — while avoiding dozens of sub-$1 "address poisoning" phishing dust deposits that had accumulated in the wallet's transaction history over the past 13 years. Rather than routing the coins to an exchange, the owner migrated the funds from an outdated 2013 address format to a modern SegWit (P2WPKH) wallet that has initiated no outgoing transactions, following a broader monthly pattern in which two other decade-old wallets moved a combined 417 BTC the day prior.