Dormant Bitcoin Wallet Moves 28.46 BTC After More Than 15 Years
The coins were valued at about $2.43 million when the post was published, with an estimated gain of $2.44 million based on a $15 average cost.
A dormant Bitcoin (BTC) wallet moved 28.46 BTC in block 970,281 after more than 15 years without on-chain activity, with the coins valued at approximately $2.43 million when the post was published.
The Bitcoin was received June 12, 2011, and moved at 11:33 p.m. ET on Oct. 6, 2026, or 03:33 UTC on Oct. 7, 2026. The wallet address involved was 1EmiMJfyBYNYfeFZWEoXxJ9cZ7pF9xTWVt.
The transfer implied an estimated $2.44 million gain based on an average acquisition price of about $15 per BTC. The calculation represented a 582,198% increase from that estimated cost basis and covered a holding period of about 15.2 years.
The address has no identified sender, while the recipient is labeled Kraken. That label indicates where the funds may have been sent, but it does not identify the wallet owner or explain why the transfer occurred.
The blockchain record confirms that the Bitcoin moved on-chain. It does not establish whether the coins were sold or independently confirm the original purchase price, so the gain remains an estimate rather than a confirmed realized return.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.