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'Ancient' Bitcoin Changes Wallets After 12 Years Dormant

Asleep for ages, more sats wake from years of slumber. The owner—who held strategy for nearly twelve years–bought the coins in June 2011 for a bit over $2,250 dollars, only to see them grow into a staggering $3.5 million at Bitcoin’s current price mark. This year has seen a significant amount of movement from ancient Bitcoin, with 3,200 BTC reviving—1,100 of which pre-date 2013, according to a report from Glassnode. Despite yesterday’s move, and the sporadic satoshi-era spending, many consider the majority of Bitcoin’s ancient supply—4.25 million of which only 356,000 have ever been spent—to be lost forever.

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