Tuesday, December 7, 2021
Home Crypto News Market BTC Wallet Containing 2207 Bitcoin Worth $150 Million Woke Up After 8...

BTC Wallet Containing 2207 Bitcoin Worth $150 Million Woke Up After 8 Years

- Advertisement -

A Bitcoin wallet containing 2,207 bitcoins (roughly $150 million at current prices) has become active for the first time in more than eight years, according to data from blockchain.com.



These coins were worth $294,287 when the address in question went dormant, which means the address gained a whopping 51,044% over the aforementioned time period.

The wallet moved all 2207 bitcoins and now the address holds only 87 USD.

While it is not entirely clear why the wallet owner decided to move his coins right now, it is safe to assume that he or she wants to make huge profits during the ongoing rally in Bitcoin after two brutal bear markets.

It is also possible that the holder was lucky enough to recover his mnemonic phrase eight years later.

In January, former Ripple CTO Stefan Thomas revealed that he could not access his bitcoin wallet, which contains $469 million worth of BTC.

- Advertisement -
Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Largest Bank In Colombia To Offer BTC, ETH, LTC, And BCH Trading Services With Help Of Gemini

Gemini cryptocurrency exchange has entered into a partnership with the largest bank in Colombia, Bancolombia, under which the bank's clients will have access to...

3Space Art Announces the Launch of Its Groundbreaking NFT Platform

Singapore, Singapore, 7th December, 2021, Chainwire3Space Art is thrilled to announce the official launch of its groundbreaking NFT platform that facilitates widespread use of...

Starly Closes Pre-IDO Funding Round of $6.1 Million and Announces Future Plans

Zug, Switzerland, 7th December, 2021, — Starly, the launchpad and marketplace for gamified NFTs, has just closed its pre-IDO funding round with $6.125 million...

Polygon And Wanchain Announce Strategic Partnership, Plan To Launch World’s First Direct Decentralized Layer 2-to-Layer 2 Cross-Chain Bridge

London, United Kingdom, 7th December, 2021, -Polygon and Wanchain are proud to announce a strategic partnership that will drive further adoption of Layer 2...

Gate.io Becomes The Sixth Largest Crypto Futures Platform

Singapore, Singapore, 7th December, 2021, Chainwire Leading global digital asset exchange, Gate.io, has quickly become the sixth largest crypto futures platform in the world, having...

UK FCA May Exclude Crypto Investors From Financial Services Compensation Scheme (FSCS)

Cryptocurrency investors may be excluded from the Financial Services Compensation Scheme (FSCS) in the UK. A proposal from the Financial conduct authority (FCA) is...

India Looking To Classify Crypto As Financial Assets, All Crypto Holders Must Declare Their Holdings Or Face Fines

India is considering appointing its capital markets regulator to oversee cryptocurrencies, according to people with knowledge of the matter told Bloomberg, as authorities look...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.