Great Awakenings — Dormant 2012 Bitcoin Wallet’s $5.7M Spend Linked to October’s Initial 2012 Transfer
On October 19, 2023, a dormant bitcoin address from 2012 sprang to life at block height 812,946, moving 200 BTC worth $5.74 million for the first time in nearly 11 years. This activity coincides with a recent surge of transfers from 2012 addresses, which began in early September. October Witnesses Several Connected 2012 ‘Sleeping Bitcoin’ Spends On Thursday, another 2012 dormant bitcoin address was activated, transferring 200 BTC valued at $5.74 million. The address “ 1DabG ” originated on November 1, 2012, when BTC was priced at $11.20 per unit , meaning the wallet’s initial value was $2,240. Btcparser.com first noticed the transaction, which garnered a low privacy rating from Blockchair’s privacy tool . The 2012 transaction received an 11 out of 100, flagging three vulnerabilities: matched addresses, co-spending, and round values. To date, seven 2012 transactions have been recorded in October. Last month saw a total of 19 transfers from 2012. The most recent 2012 transaction