A Bitcoin address inactive since 2011 moved 49.97 BTC, now valued at $3.23 million, to a wallet linked to institutional broker FalconX.
A Bitcoin wallet dormant since July 16, 2011, transferred 49.97 BTC, now worth $3.23 million, after a 634,347% gain from its $10 average cost basis. The transaction occurred on August 6, 2026, at block 961331.
The wallet initially received the funds when Bitcoin traded below $15, accumulating the stash for roughly $500. Bitcoin’s market cap has since grown to $1.3 trillion, making long-term holdings like this rare due to lost keys or early exits.
The destination wallet routed funds to FalconX, a prime broker serving institutions, suggesting potential repositioning rather than a direct sale. The move follows recent patterns of dormant Bitcoin addresses reactivating amid market volatility.