A dormant Bitcoin wallet address containing 1,000 BTC currently worth over $60 million transferred funds for the first time in nearly 12 years on Sunday, according to onchain data.

The wallet received the bitcoin 11 years and 9 months ago, onchain data shows, and had yet to make an outgoing transaction until Sunday, at which point the wallet sent the 1,000 BTC to a new address. However, that transaction was first broadcast on January 19, 2024, according to Blockchain.com data. 

At the time the wallet, first spotted by on-chain monitoring platform Whale Alert, received the bitcoin, the value of the holdings was merely $12,100 according to historical price data. After holding for nearly twelve years, the wallet has seen a roughly 500,000% increase in the value of the coins. 

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