A bitcoin wallet that has been inactive for nearly 12 years transferred its entire 500 BTC — worth just under $35 million at current prices — to multiple new addresses.

The wallet originally received 500 bitcoins on July 14, 2012 — worth less than $4000 at the time — when the bitcoin price was less than $8, as noted by Lookonchain.

The identity of the individual or entity behind the bitcoin transfer remains unknown, as is the reason for the transfer.

Recent and notable bitcoin transfers

Yesterday's mysterious bitcoin movement follows an even more interesting one from earlier this week when an individual or entity who received 2,000 bitcoins in mining rewards in 2010 consolidated them into a single wallet.

At the time those blocks were mined, the rewards were worth a total of roughly …