3,500 ‘Sleeping Bitcoins’ From 2011 Worth Over $60 Million Wake up After 11 Years of Slumber

3,500 ‘Sleeping Bitcoins’ From 2011 Worth Over $60 Million Wake up After 11 Years of Slumber


On Nov. 11, amid the confusion concerning troubled crypto companies like FTX and Blockfi, 3,500 ‘sleeping bitcoins’ from a wallet created on Oct. 7, 2011, moved for the first time in over 11 years.

$60 Million Worth of 11-Year-Old Bitcoins Move Amid the Crypto Market Rout

A large string of so-called ‘sleeping bitcoins’ moved on Friday morning (ET) after remaining idle for more than 11 years. The 3,500 BTC worth over $60 million stemmed from seven different BTC addresses created on Oct. 7, 2011. It is the first large string of decade-old sleeping bitcoins to wake up in months.

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The 3,500 bitcoins from 2011 were caught by Btcparser.com, and the owner of the seven different addresses did not spend any of the corresponding bitcoin

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