Dormant Bitcoin Wallet Reactivated After 12 Years, Moves 119 BTC Worth $6.8 Million

A dormant Bitcoin wallet, inactive for over 12 years, has been reactivated, moving 119 BTC valued at approximately $6.8 million.

The wallet, which last saw activity in 2012 when its 2.98 BTC was worth $15, conducted its first transaction in over a decade, transferring all its funds to a different address.

The initial transfer of 76 BTC ($4.4 million) occurred at 7:11 a.m. UTC, followed by a subsequent transfer of 43 BTC ($2.5 million) at 8:55 a.m. UTC.

The value of Bitcoin has surged by 11,000 times since the wallet's creation.

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