Bitcoin is between $83,880, slightly above the $86,000 range on Thursday. This is a long, inert wallet first created on March 18, 2016, and this week it won 534.94 BTC nine years ago.
Bitcoin’s $45 million moves for the first time in nine years
Today, for the first time in nearly a decade, this considerable bitcoin cash has been transferred. This activity was detected by the blockchain analysis tool btcparser.com and marked its movement at block height of 888,655. The born wallet, identified as “1PQHK”, is a legacy payment Paubkey-Hash (P2PKH) address created on March 18, 2016.
The fund sent two outputs to 15pnyJKBCUPE8KSRKGTQSU6KHWUKR8SHLB in total of 236.31257057 BTC and 298.62935046 BTC.
Funds were redirected to another P2PKH wallet (15pny) as of 7:30pm Eastern Time (ET) on March 20, 2025. The transaction was performed at a minimum cost of $1.12. When it was originally acquired, the Bitcoin in this wallet was worth just $222,000. In other words, the holdings are a surprising 20,272.97%.
According to Blockchair’s privacy assessment tool, the forwarding achieved a privacy rating of 90 out of 100 by replicating the output address. The Bitcoin Cash (BCH) linked to this wallet was already spent on August 7, 2017. So far, this 534.94 BTC transaction has been the largest single movement of the month from dormant wallets from 2009 to 2017.
These sudden moves in long-term funding raise questions about the motivation behind the transfer. It shows a shift in strategy, a new benefit, or a shift in simple integration. The move shows the lasting impact of early adoption of Bitcoin, as Bitcoin has skyrocketed in value since the acquisition. For now, the integrated 534.94 BTC remains untouched, leaving speculation as the only certainty.
