A dormant wallet from 2011 moved $1.09B in BTC after 14 years, just as Bitcoin nears a new all-time high.
Institutions, including Vanadi Coffee and Fragbite Group, are increasing BTC reserves, driving corporate exposure to record levels.
Long-term investors continue to hold despite price strength, with 14.7M BTC now in wallets older than 155 days.
A long-inactive Bitcoin wallet containing 10,000 BTC, originally acquired in 2011, has moved its entire balance to a new address. The wallet, dormant for 14.3 years, was reactivated this week, transferring Bitcoin now valued at approximately $1.09 billion. Blockchain records show the coins were purchased for just $109,246, at an average price of $0.78 per coin.
The transfer aligns closely with Bitcoin’s recent surge, bringing it within 3% of its previous all-time high of $111,960. Bitcoin is currently trading around $109,100. Analysts note that such transfers from older wallets often precede potential market actions, such as strategic selling or reallocation.
Whale Behavior Signals Market Transition
Analytics firm Sentora observed that addresses holding over 1,000 BTC have gradually reduced balances. This shift reflects broader whale distribution trends. Sentora interprets the movement not as weakness but as an indication of market maturation, as older holdings disperse into newer hands.
https://twitter.com/glassnode/status/1940696893811839188
Despite the wallet movement, Glassnode data shows that Bitcoin's “Liveliness” metric continues to decline. This signals ongoing long-term holding rather than active spending. Bitcoin held by long-term investors has reached a record high of 14.7 million coins. Many of these holdings remain unmoved, even near the $100,000 threshold.
Institutional Activity Intensifies Amid Market Optimism
Corporations have continued to expand their Bitcoin holdings. Fragbite Group saw a stock rise of 64% after announcing a BTC treasury plan. Similarly, Vanadi Coffee gained over 240 percent in a month after securing approval to invest up to $1.1 billion in Bitcoin. Other firms, such as Belgravia Hartford and Green Minerals, are also raising capital for BTC investments.
Traders expect further gains if Bitcoin surpasses its current record. CryptoFayz projects an extension to $116,000 if the breakout occurs. Long-term forecasts from Standard Chartered and Bernstein estimate Bitcoin could reach $200,000 by the end of 2025. BitMEX co-founder Arthur Hayes anticipates an even higher price of $250,000 within the same timeframe.
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