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Two bitcoin wallets that remained untouched for over a decade have just made a life sign – and whoever is its owner is now immensely rich in cryptocurrencies.
According to O, when in 2011 an unknown buyer bought 20 mil bitcoinsfor just under 13,000 euros, each token of this cryptocurrency was worth only 64 cents.
Due to the inexorable rise of digital currency over the years that have followed, the very patient owner of two wallets dormant in which he had kept the bitcoins now has more than 1.6 billion of euros – an increase of about 13 million percent.
After fourteen years of silencethe mysterious millionaire has now transferred the cryptocurrencies from one wallet to another – Transaction whose record in blockchain to the crypto world its existence.
💤 💤 💤 💤 💤 💤 💤 💤 💤 💤 A dormant address containing 10,000 (1,092,973,486 USD) has just been activated after 14.3 years (worth 7,793 USD in 2011)!
— Whale Alert (@whale_alert)
It is unclear what its owner intends to do with them, but it is possible that he is finally tempted to convert them into fiduciary currency.
Earlier this year, the Blockchain Onchain School analysis company found that about 62,000 bitcoins that had been mined for at least 7 years were moved between wallets in the first three months of 2025.
“Increased transactions can signal a change of feeling among long -term cryptocurrency holders, potentially driven by macroeconomic changes, price expectations or institutional liquidity needs, ”explains an analyst from the Cryptoquant platform quoted by.
But if all the cryptocurrencies of the sleeping beauty continues to spend, then this would be the Definitive example of Hodl Philosophy (“Hold on for Dear Life”, a idiom that in Portuguese we could translate into something like “no starts for anything”).
This is a strategy of old school cryptocurrency investors, in which buyers let your treasures ripe and avoid succumbing to the pressures of booms and short -term falls.
In the early years of cryptocurrencies, the Hodl strategy It was quite popular among the first miners, who provided correctly that their wallets would be worth a day a fortune.
“What is remarkable is the huge self -control that will have been needed through all these market cycles to sit on such a fortune for so long,” he says Caroline BowlerCEO of the Australian negotiation platform BTC Markets, in an interview with Marketwatch.
“The owner of these two wallets could absolutely… shake the marketif you decided to sell all cryptocurrencies. Assuming it’s a rational actor, however, it is unlikely to discharge everything at once, ”says Bowler.
