Asleep for ages, more sats wake from years of slumber.

Bitcoin bought in 2011 came back to life on Thursday, when 139 Bitcoin belonging to address 1H1Ab6 moved into a newly created Segwit address. 

The owner—who hodled for nearly twelve years–bought the coins in June 2011 for a bit over $2,250 dollars, only to see them grow into a staggering $3.5 million at bitcoin’s current price mark. 

These coins belong to what’s known as Ancient Supply, which refers to Bitcoin purchased at least 7 years ago, although some analysts use 5 years as their base date.

This year has seen a significant amount of movement from ancient Bitcoin, with 3,200 BTC reviving—1,100 of which pre-date 2013, according to a report from Glassnode. 

Spurring the curiosity of many,  the market saw a truly ancient wallet—created in

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Author: Pedro Solimano

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