The address of ancient dormant Bitcoin (BTC) that has not been touched for over 12 years has suddenly reappeared today, revealing a stash that looks like a pocket change but is now worth tens of millions of dollars.
The wallet, which was associated with early payments from Deepbit Mining Pool, originally received Bitcoin when the cryptocurrency traded for around $109 each. Today, these same coins are worth more than $112,000 per BTC, offering a gain of around 102,706% to long-term holders.
479 Dormant address containing #BTC (53,683,598 USD) was activated 12. 8 years later! https://t.co/tv3pbhdklp
– Whale Alert (@Whale_Alert) September 4, 2025
The transaction history shows all of that. What is particularly distracting is how these early sums look modest. Transfers of BTC above 4 were recorded at values of $439 or $519.
Currently, with 479 BTC in the address, the balance is around $53.6 million. This is built on block rewards from early stages of Satoshi creatures.
What happens next?
Activities from awakened investors this week include a test transfer, including 0.25 BTC (approximately $28,000 at its current price), and a large transfer of around 16 BTC.
Most of the coins have since been redirected to a new BeCh32 wallet. This factor could suggest that the key is still controlled and that the holder may be reorganized rather than selling it in full.
Such a “reconfirmation” of Bitcoin OG is closely tracked as it can indicate an increase in the supply of coins in circulation. However, in many cases, the coins remain in new cold storage.
