The transaction worth over $60 million was originally broadcast to the network in January but was only mined into a block on Sunday.
A dormant Bitcoin wallet address containing 1,000 BTC currently worth over $60 million transferred funds for the first time in nearly 12 years on Sunday, according to onchain data.
At the time the wallet, first spotted by on-chain monitoring platform Whale Alert, received the bitcoin, the value of the holdings was merely $12,100 according to historical price data. After holding for nearly twelve years, the wallet has seen a roughly 500,000% increase in the value of the coins. On May 12, 1,000 BTC worth over $60 million was moved for the first time in a decade. That followed a send of 687.33 BTC — worth over $44 million — that was also moved for the first time in 10 years, just a week earlier.
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