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Bitcoin wallet dormant 12 years moves 26.96 BTC worth $1.75 million

An address that received Bitcoin in January 2014 transferred its entire balance after more than a decade of inactivity.

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A Bitcoin wallet beginning with "14vMEC" moved 26.96 BTC on August 10 in block 961845, ending an inactivity streak that lasted 12 and a half years. The address first received funds on January 31, 2014, when Bitcoin traded below $1,000 per coin.

The transfer could realize a gain of approximately $1.73 million based on an average cost of around $803 per coin, representing a 7,975% return. Such dormant wallet activations draw attention because they represent supply long assumed lost by the market. Few early Bitcoin holders maintained control of their private keys for such extended periods.

Research firm Galaxy flagged the movement on X without confirming whether the coins entered the market for sale. A transfer to a fresh address often precedes consolidation or staged movement toward an exchange or collateral position, though it does not guarantee a sale.

The activation fits a widening pattern of dormant wallets reactivating over the past two years. Another Bitcoin whale moved 49.97 BTC in late August, having held the coins since July 2011 when acquired near $10 each—sending the funds to a FalconX-labeled address according to Arkham Intelligence. A broader stretch in 2024 included a cluster of wallets dormant since 2013 that moved $2 billion in Bitcoin in a single January session, and another holder that relocated 3,000 BTC worth over $349 million after a decade of silence, part of a month when one address sold more than 80,000 BTC.

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