Two dormant bitcoin wallets from the early days of the network moved significant holdings on Saturday as bitcoin's price approached $82,000. A wallet created on November 2, 2011, transferred 100 BTC worth over $8 million, while a separate group of wallets from 2013 moved an additional 100 BTC.
The 2011 wallet owner purchased their 100 BTC for approximately $324 when bitcoin traded at $3.24 per unit. At current prices, this represents an unrealized gain of 2,469,035 percent. The transfer moved the funds from a legacy Pay-to-Public-Key-Hash address to a newer Pay-to-Witness-Public-Key-Hash wallet that has not been identified with any major exchange or over-the-counter dealer.
The 2013 wallets tell a different story. Four separate addresses, each holding 25 BTC, were consolidated into a single wallet and then transferred to Bitgo, a digital asset custodian. These coins were originally mined as block rewards in March 2013, when bitcoin prices ranged from $32 to $91.95 during that month. According to blockchain analysis, the entity has been sending batches to Bitgo since August 2025.
The movement of these long-dormant wallets highlights the early adoption period of bitcoin. While the 2011 wallet's transfer remains anonymous, the 2013 miner's activity suggests a structured approach to holding or liquidating the asset, though the ultimate destination or purpose of the Bitgo deposit remains unclear.
