Bitcoin Wallet Holding Coins Worth $15M Activated After 8 Years

On December 21, 2021, a Bitcoin wallet containing over $15 million worth of Bitcoin (BTC) reportedly moved the coins out of dormancy.

For one reason or another, the crypto wallet has not transacted over the past eight years despite holding what is considered a life-changing fortune.

According to Whale Alert, the crypto wallet had remained dormant since 2013, when mysterious Bitcoin creator Satoshi Nakamoto disappeared. Although it is still unclear who owns this account and why he reactivated it, the wallet currently holds 321 Bitcoins.

The 321 BTCs at the now-reactivated wallet are worth a staggering $15,576,846 at a current price of $48,560, according to CoinGecko. Remarkably, these funds have appreciated almost 2,300 times from their initial $6,594 market price in 2013.

Nevertheless, the activation of this wallet containing life-changing fortune has already attracted heated discussion within the crypto community online, with many people still speculating who could be the possible owner of that wallet. Many people believe it could be an institution holding large amount of BTC Whale preparing to make a move that would shake the crypto market.

In the same context, a Twitter user proposed a series of reasons associated with the activation of the wallet in a comment thread. Many people also aired several possibilities, including Satoshi Nakamoto deciding to return, a patient investor preparing to cash out, or someone just recalling his forgotten Bitcoin wallet.

Old Bitcoin Wallets Re-Activating

In the past few months, several inactive wallets since 2013 have been reactivated and are now holding life-changing money after a recent price surge. Interestingly, these early investors have now evolved into BTC whales as prices continue soaring.

On September 19, the anonymous owner of a dormant Bitcoin wallet emptied an account holding 616 BTC and transferred it to different crypto accounts.

In January 2021, another Bitcoin wallet holding $5 million worth of Bitcoin awoke after remaining inactive since June 2010. A few months later, another Bitcoin whale wallet with 900 BTC became active in June 2021.

Moreover, another crypto address with 225 BTC now worth $10,926,000 was reactivated after eight and half years on December 16. An address containing 235 BTC worth $11,411,000 was activated after nine years on Sunday the same week.