An ancient Bitcoin miner transferred 19 BTC after years of dormancy, earning an 8,692% profit.
From Investing.com
September 10, 2024 5:00:28 pm:
A mysterious ancient Bitcoin miner, dormant for over a decade, transferred 19 BTC, valued at over $1 million, to a new address. This investor began accumulating BTC back in 2013 when prices were around $1,000 per coin. The total profit from the investment is estimated at a staggering 8,692%.
This awakening of an ancient Bitcoin miner has caused a stir in the crypto community. Speculations suggest that such dormant addresses are waking up to cash out profits, but some think the transfer to a new “bc1” address indicates a security upgrade. The investor achieved an impressive 870% annual return over their years of ownership.
The transfer of funds from the ancient Bitcoin miner was observed through partial transfers to a new wallet and funds received from a CoinJoin address. The awakening of ancient Bitcoin addresses often leads to profit-taking, but in this case, the investor may be securing their assets in a more advanced and secure wallet.
The cryptocurrency market experienced a shockwave with the sudden activity from the unknown ancient Bitcoin miner who accumulated 19 BTC over the years. Market participants are closely watching as ancient addresses wake up, speculating on the reasons behind these sudden movements in the market.
Read more at Investing.com: Early Bitcoin Miner Wakes up With Enormous 8,692% Profit By U.Today