Bitcoin whale moves $33 million after 13 years of dormancy, named in lawsuit

An early Bitcoin address first funded in September 2013 shifted 411.45 BTC, currently valued at approximately $33.4 million, to a new wallet on Sunday. This marks the first-ever outgoing transaction for the long-dormant account and adds to a recent uptick in activity among old Bitcoin wallets. The address, which begins with “13Coop,” had not sent any Bitcoin since it was first loaded on September 11, 2013, according to data from both Galaxy Research and analytics platform Arkham. At the time, Bitcoin prices hovered around $130, making the initial value of the 411.45 BTC roughly $54,000. Galaxy analysts calculated the wallet’s average cost basis at about $127 per coin, giving the owner an unrealized gain of more than 64,000% after 13 years of inactivity.

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