Dormant Bitcoin wallet activated after almost 10 years, gains 7,594% to $1,569,552

From Investing.com

July 15, 2024 4:30:24 pm:

A dormant Bitcoin wallet containing 25 BTC was recently activated after almost 10 years, increasing in value from $20,399 in 2013 to $1,569,552 – a gain of 7,594%. This follows the reactivation of other long-dormant wallets, including one holding 1,000 BTC, now valued at $59,989,823. The sudden activity has sparked speculation and interest in the crypto community.

The recent activation of long-dormant Bitcoin wallets coincides with the cryptocurrency’s bullish trend, with BTC reaching highs of $63,393. The move to revive these wallets may be a strategic decision to take advantage of the market’s positive momentum. The motives behind the wallet reactivations, including whether they were intentional investments or rediscovered assets, remain unknown. BTC’s value was up 5.39% at $63,000.

Read more at Investing.com: 7,594% Gain Awakens Satoshi-Era Bitcoin Wallet: Details By U.Today