Mystery Transfer: Long-Dormant Bitcoin Wallet Moves 534 BTC Worth $45M

Today, for the first time in nearly a decade, this substantial bitcoin cache was transferred. The activity was detected by the blockchain parsing tool btcparser.com, marking its movement at block height 888,655. The originating wallet, identified as “1PqHk,” is a legacy Pay-to-Pubkey-Hash (P2PKH) address, created on March 18, 2016.

The funds sent two outputs to 15PNyjkBcUpe8KSrKgTQsU6KHwukr8ShLb in the sum of ‎236.31257057 BTC and ‎298.62935046 BTC.

The funds were redirected to another P2PKH wallet—15PNy—where they remain as of 7:30 p.m. Eastern Time (ET) on March 20, 2025. The transaction was executed at a minimal cost of $1.12, with a fee rate of 5 satoshis per virtual byte (sat/vB). When originally acquired, the bitcoin in this wallet was worth just $222,000, meaning the holdings have appreciated by an astonishing 20,272.97%.

According to Blockchair’s privacy assessment tool, the transfer achieved a privacy rating of 90 out of 100 due to output address duplication. The bitcoin cash ( BCH) linked to this wallet had already been spent on Aug. 7, 2017. So far, this 534.94 BTC transaction stands as the largest single movement this month from a dormant wallet dating between 2009 and 2017.

The sudden movement of these long-dormant funds raises questions about the motivations behind the transfer, whether it signals a shift in strategy, renewed interest, or simple consolidation. With bitcoin’s value skyrocketing since the acquisition, the move showcases the enduring impact of early bitcoin adoption. For now, the consolidated 534.94 BTC remains untouched, leaving speculation as the only certainty.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。