Long-Sleeping Bitcoin Wallet Reemerges After 9 Years, Moves 216 BTC Worth $22.47M

On Friday, while bitcoin floated just north of the $100,000 mark, a 2016-era whale suddenly woke up—moving 216.95 BTC valued at $22.47 million after sitting still for 9 years and 4 months.

Dormant 2016 Wallet Makes a Splash

Talk around town has zeroed in on OG bitcoin holders shifting hefty stacks of long-idle coins. Since Jan. 1, 2025, about 4.64 million BTC has stirred from slumber—but mostly from wallets held for six months to a year, one to two years, and three to five years.

Today, though, a bold holder from 2016 decided to stretch its digital legs—moving 216.95 BTC from a wallet that hadn’t budged in 3,412 days. The Pay-to-Public-Key-Hash (P2PKH) wallet, born on July 5, 2016, finally came alive again—its transaction confirmed at block 922580 roughly ten hours ago.

Source image: Blockchair.com

The stash shifted to a fresh, unidentified Pay-to-Script-Hash (P2SH) address, where it’s currently parked. It might just be a consolidation shuffle—moving into a modern address type—as the haul was split into a tidy 1 BTC send, a hefty 215.95099782 transfer, and six smaller side moves.

The transfer landed just as BTC climbed 2.8% on Friday, hitting an intraday high of $104,044 per coin. At press time, around 5 p.m. Eastern, the leading crypto asset was holding steady around $103,845 per coin. Whether it’s a whale waking up or just housekeeping, old coins moving always grab attention in bitcoin circles.

Historical data shows that when this stash was first gathered, each BTC traded at just $664—putting the total at $143,995 back then. Fast forward to today’s $22.47 million valuation, and this OG just clocked a jaw-dropping 15,530% gain. After nearly a decade of dormancy, this 2016 wallet’s reappearance adds another twist to bitcoin’s ever-evolving story.

FAQ ❓

• What happened with the 2016 bitcoin wallet?
  A dormant 2016 wallet moved 216.95 BTC worth $22.47 million after sitting untouched for more than nine years.
• When was the transaction confirmed?
  It was confirmed at block height 922580 about ten hours ago on the bitcoin blockchain.
• Where did the bitcoin move to?
  The coins were transferred to a new, unidentified Pay-to-Script-Hash (P2SH) address.
• How is bitcoin performing right now?
  At press time, bitcoin is trading around $103,845 after reaching an intraday high of $104,044. Earlier in the day, BTC breached the $100,000 range to a low of $99,467.