In brief
A Bitcoin wallet dormant for more than 8.5 years transferred 5,907.56 BTC worth about $383.6 million.
The coins were sent to a new wallet rather than a known exchange, suggesting no immediate sale.
Galaxy Research estimates the holdings have appreciated by roughly $285.5 million, or 291%, since they were acquired in 2017.
A Bitcoin wallet that had remained untouched since late 2017 sprang back to life Thursday, transferring 5,907.56 BTC worth about $383.6 million to a new address after more than 8.5 years of inactivity.According to Galaxy Research, the coins were originally received on Dec. 14, 2017, and moved in Bitcoin block 958217 at approximately 00:15 UTC. The firm estimates the holdings have appreciated by roughly $285.5 million, representing a 291% gain on an estimated average acquisition price of about $17,000 per Bitcoin.The funds were transferred to a previously unidentified wallet rather than a known exchange deposit address, providing no indication that the holder has sold the Bitcoin.
