In July 2025, several Bitcoin wallets, inactive since 2011, were reactivated, transferring a total of 80,000 BTC, valued at approximately $8.6 billion.
These wallets, each holding 10,000 BTC, were initially funded in April and May 2011 when Bitcoin prices ranged from $0.78 to $3.37 per coin. After over 14 years of inactivity, the funds were moved to new addresses in July 2025.
The sudden activity sparked speculation, with Conor Grogan from Coinbase suggesting a possible hack. Blockchain analysis confirmed all eight wallets were controlled by a single entity. Despite the transfers, Bitcoin's price remained stable, trading around $108,107.