Dormant Bitcoin Wallets Move $8.7B After 14 Years

In recent days, several dormant Bitcoin wallets from the Satoshi Nakamoto era, some inactive for over 14 years, have been reactivated, moving billions of dollars worth of Bitcoin and sparking intense speculation in the crypto community. Notably, eight wallets controlled by a single entity transferred a combined 80,009 BTC valued at approximately $8.7 billion, though these funds were moved to new addresses rather than exchanges, suggesting strategic repositioning rather than immediate selling. Additionally, two other wallets holding 20,000 BTC, originally acquired in 2011 when Bitcoin was less than a dollar, were also awakened, moving over $2 billion in value and cycling coins to modern wallet formats. This surge in activity coincides with Bitcoin trading near $109,000, close to its all-time high, and follows new California legislation allowing seizure of cryptocurrencies from dormant wallets after three years, adding urgency for owners to act. Institutional interest in Bitcoin is also growing, with companies announcing significant treasury strategies and investments, signaling a broader corporate embrace of the cryptocurrency. Meanwhile, U.S. lawmakers plan a "Crypto Week" to advance digital asset legislation aligned with President Trump's agenda, underscoring the increasing regulatory focus on this market.