Dormant Bitcoin Whale Moves $40 Million After 12.5 Years of Inactivity

May 11, 2026

A Bitcoin wallet dormant since November 2013 transferred 500 BTC worth approximately $40 million on May 10, 2026, at around 19:16 UTC, marking the first movement in over 12.5 years. The coins moved from address 1KAA8GGhVjjUjVTz1HKAjCyGNzAKQd882j to bc1qm6m6d33d02edr0k8yj9jgt027zl6dvx6thjrxy, which does not appear linked to a known exchange. Bitcoin traded near $80,700 as of May 11, 2026.

Dormant whale transaction

▪Bitcoin changed hands near $80,700 as of May 11, 2026.
▪The destination address bc1qm6m6d33d02edr0k8yj9jgt027zl6dvx6thjrxy does not appear to be linked to a known exchange wallet.
▪The bitcoin coins were moved from address 1KAA8GGhVjjUjVTz1HKAjCyGNzAKQd882j to address bc1qm6m6d33d02edr0k8yj9jgt027zl6dvx6thjrxy.
▪A bitcoin whale moved coins worth $40 million to a new address on May 11, 2026.
▪The bitcoin transfer took place at around 19:16 UTC on May 11, 2026.

Wallet inactivity history

▪The bitcoin wallet had remained inactive since November 2013.
▪The bitcoin in the wallet was originally acquired in November 2013.

Dormant wallet reactivation trend

▪Bitcoin traded above $100,000 in July 2025 when eight Satoshi-era wallets moved their coins.
▪Bitcoin first crossed the $100,000 mark in late 2024.
▪In July 2025, eight Satoshi-era wallets each holding 10,000 BTC moved their coins for the first time in 14 years.

Strategy bitcoin holdings update

▪Strategy purchased 535 bitcoin for about $43 million at an average price of $80,340 per coin.
▪Strategy's bitcoin purchases were funded by sales of the company's common stock.
▪Strategy has spent roughly $61.8 billion on bitcoin at an average cost of $75,540 per coin.