On Sunday, the wallet, which had been inert for nearly 14 years, was brought to life, running a 100 BTC deal.
2014 Dormant Bitcoin will migrate to the latest P2SH address
At block height of 889,103, a long-term payment disclosure (P2PKH) wallet was working, migrating 100 BTC (valued at $8.5 million) to four separate Pay-to-Script-Hash (P2SH) addresses. The legacy wallet, identified as “12znk”, was first created on August 2, 2011, about 13 years ago.
Currently, the new wallets contain 24.99 BTC after the transfer. Linked 100 Bitcoin Cash (BCH) – Value at $32,460 – Inactive. It was first active on August 2, 2011, but the 12ZNK wallet initially received only one BTC during its creation.
Almost two weeks later, on August 14th, 2011, an additional 99 BTC flooded the address. At the time of the initial deposit, Bitcoin value hovered at $13.09 per unit, but was soaked at about $10.13 per BTC in the second transaction.
Collectively, the wallet holdings reached $1,015.96. This is the figure that had dropped to $425 by December 31, 2011 as prices fluctuate. Meanwhile, the accumulated BTC resulted in a staggering 836,493% of return on investment.
For each Block Chair privacy rating tool, the most recent transfer has earned a 50/100 privacy rating. This was penalized for repeated use of the same input address as the sweep of the transaction structure.
The dormant Bitcoin wallet of 2009 continues to be the holy grail of on-chain slew tracking vintage transactions, but wallets for 2010, 2011 and 2012 are becoming less and less in the modern market.
