In a surprising move, long-dormant bitcoins are waking up and changing hands despite Bitcoin’s recent value fluctuations. On September 5, 2023, 359.92 BTC from 2017 were activated in eight transactions, now worth $9.2 million. Another transaction from 2016 saw 500 BTC, valued at $12.79 million, move to new owners. The reasons behind these “sleeping bitcoins” becoming active again remain unknown, with “spend” indicating transfers to different addresses rather than sales on the market.
$21 Million in ‘Sleeping Bitcoins’ Awaken After Years of Dormancy
