The address, which was last used in October 2012, just sent 412 Bitcoin worth more than $9.5 million, according to BitInfoCharts.
When the wallet was built on October 1, 2012, the price of BTC was around $12.50. At the time of writing, that BTC was worth $22,663 and is presently making 181,204% profit.
The long-inactive account sent Bitcoin to five distinct addresses: two of them received over 177 BTC apiece, two more received 28.84 BTC each, and one received 0.12 BTC.
The Bitcoin address has only ever had four transactions prior to the recent activity, all of which were deposits and occurred between September 28 and October 1 of the same year.
However, the address has obtained a little sum of Bitcoin over its history. A dusting attack is sending little amounts of cryptocurrency to a particular address for a variety of reasons, including as attempting to reveal the owner’s identity and obtaining information in order to run phishing schemes.
The abrupt activation of a sizable dormant Bitcoin wallet often sparks speculation since it raises the potential that Satoshi Nakamoto, the mysterious creator of the flagship cryptocurrency whose name and whereabouts remain unknown, is suddenly moving around with that amount of BTC.
According to blockchain expert Sergio Lerner, Satoshi Nakamoto, who was last seen online in December 2010 on the Bitcoin Talk forum, is thought to be the owner of hundreds of thousands of BTC.
Before making any high-risk investments in Bitcoin, cryptocurrencies, or digital assets, investors should conduct due diligence.