This weekend, Bitcoin has been 4.2% higher than last week, bringing its long-forgotten wallet quartets from June and July 2012 to shift 400 BTC to $47.45 million.
Vintage Bitcoin Revival: 400 coins from 2012
August is yet to coincide with the succession of July’s activities, but the steady flow of dormant wallets is shaking. Just three days ago, Bitcoin.com news reported on 2015’s 3,000 BTC moves from 30 wallets. Each of them sent coins for the first time since creation. This weekend, data from btcparser.com shows that between blocks 909302 and 909427, four Pay-to-Public-Key-Hash (P2PKH) wallets have returned 400 BTC to circulation since 2012.
Each wallet has moved exactly 100 BTC to its own unique Pay-to-Witness-Public-Key-Key-Hash (P2WPKH) address. Simply put, P2PKH wallets 1, 2, 3, and 4 handed over Bitcoin to new P2WPKH addresses 1, 2, 3, and 4. The Bitcoin Cash (BCH) travelled this weekend is worth over $229,000 for the original wallets.
Three of the wallets were created on June 5, 2012, and the fourth appeared on July 2, 2012. At the time, the 300 BTC on June 5 was worth around $1,602, and from July 2nd, 100 BTC was valued at around $663, while the original stash was valued at just $2,265. When sold today, 400 coins offer an eye-catching gain of 20,949,877% to the owner.
Wallets from 2010 to 2012 are rare sights, but due to previous high prices, the long-term stable flow of BTC has shifted to fresh addresses and positive circulation. As mentioned in the previous Sleep Bitcoin Report, many of these awakenings appear to be for simple transfers or integrations to new address formats rather than for full sales.
