Bitcoin is back in the spotlight after reports confirmed that coins untouched since 2012 have been moved for the first time.
The reactivation of an old wallet came at a moment when the market is already buzzing with strong ETF inflows and record levels of stablecoin liquidity.
The transfer was worth about $15 million at current prices. The same wallet also sent five BTC to the Kraken exchange. After those moves, it still holds 308 BTC — a stash now valued at nearly $35 million.
In total, the address once controlled 444 BTC, which the report places at more than $50 million combined.
Based on reports, the coins were originally bought when Bitcoin traded at about $12.22 per coin. The wallet’s total purchase cost was only $5,435.
That original outlay has turned into massive gains. The current math shows a profit in the ballpark of $15.60 million on that small initial buy. Simple numbers like that help explain why stories about old wallets get attention.
The market still remembers August 14, 2025, when BTC hit an all-time high of $124,450. Those price swings are part of the backdrop for why a whale moving coins draws extra interest now.
The steady inflows suggest bigger players are adding exposure, or at least reallocating capital into the market.
Meanwhile, reports from CryptoQuant indicate Binance saw its largest net stablecoin inflow of the year on Monday, a little over $6 billion.
Binance’s stablecoin reserves are reported to be near $40 billion, while aggregate stablecoin holdings across exchanges hit about $70 billion last week.
The sudden movement of coins untouched for more than a decade has added a new layer of intrigue to Bitcoin’s latest rally.
With the asset holding above $116,000, ETFs drawing hundreds of millions in inflows, and record stablecoin balances sitting on exchanges, the market is flush with liquidity and attention.
Whether this wallet activity signals profit-taking, repositioning, or something else entirely, it highlights the enduring power of early bets on Bitcoin and the continued influence of long-term holders on today’s market.
Featured image from Unsplash, chart from TradingView
