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500 BTC Dormant Since 2013 Moves for the First Time — Now Worth $40.7M

A Bitcoin address that had sat untouched for 12.5 years was activated this week, moving 500 BTC now valued at…

A Bitcoin address that had sat untouched for 12.5 years was activated this week, moving 500 BTC now valued at approximately $40.7 million. The coins were worth around $483,000 when they were last active in 2013, implying a return of roughly 84x in dollar terms over the holding period.

Dormant-address activations attract close attention from on-chain analysts because they can signal an early holder preparing to sell, a wallet recovery, or simply an estate or custodial transfer. With 500 BTC involved, the position is large enough to register as meaningful supply if it moves to an exchange, though a single transaction of this size is unlikely to shift market structure on its own.

The event is a reminder of how much Bitcoin from the early mining era remains in long-term cold storage — and that it can resurface at any time.

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