"Transaction of 500 Bitcoins following a six-year period of inactivity"
On January 10, 2025, a dormant Bitcoin wallet, which had been inactive for six years, transferred 500 BTC to Coinbase Prime. At the current price of Bitcoin, this transfer was worth approximately $46.87 million.
This transfer represents a substantial gain in value since the wallet received 500 BTC six years ago, when the price of Bitcoin was around $7,000. At that time, the value of 500 BTC was approximately $3.5 million.
The transfer occurred after the price of Bitcoin had significantly increased from its value six years ago. In fact, the price of Bitcoin has increased from $7,000 to over $46,870,000 for a single Bitcoin. This increase in value is a testament to the growth and popularity of Bitcoin over the years.
This is not the first instance of a dormant Bitcoin wallet transferring large amounts of Bitcoin. For example, in July 2025, a wallet that had been dormant for over three years moved 1,308.45 BTC, worth over $180 million at the time, to new addresses within Coinbase Prime.
It is worth noting that many Bitcoin remain idle for years. Estimates suggest over 14 million BTC have remained unspent in long-term storage, some dating back more than a decade. Institutional custody solutions like Coinbase Prime handle large BTC transfers from dormant wallets as part of security upgrades or reorganizations, not just trading.
However, details on individual addresses and transfers are rarely fully public unless related to high-profile entities or legal disclosures. Coinbase Prime serves institutional clients and handles large on-chain movements between cold and hot wallets for custody and security reasons.
While the specific public information about the 2019 dormant wallet that transferred 500 BTC to Coinbase Prime is not available, such movements of dormant Bitcoin wallets to Coinbase Prime are consistent with recent trends. The 2019 500 BTC deposit at around $7,000 per BTC aligns with market data from that period.
For those interested in detailed transaction records, these can be extracted by analyzing blockchain data based on wallet addresses. However, public reporting covers only select notable transfers.
Investing in Bitcoin six years ago at around $7,000 could have yielded a significant financial return, as a dormant wallet recently transferred 500 BTC to Coinbase Prime, worth approximately $46.87 million at the current price of Bitcoin. This illustrates the potential of Bitcoin as an investment for those willing to hold onto their assets for a longer period.
