Two entities dormant for over 13 years simultaneously awaken, transferring a total of 200 BTC.

BlockBeats news, September 20th — Since the start of September, multiple batches of long-dormant Bitcoin wallets have successively initiated transfers, and September 19th was no exception. Before a transfer from a 2011 wallet, another 4 early P2PKH (Pay-to-Public-Key-Hash) wallets each moved 25 BTC, totaling 100 BTC. All four transfers were confirmed at block height 967722.

These 4 wallets were all created in February or March 2013. At that time, Bitcoin's price was highly volatile, and the Cyprus banking crisis also reached its climax in March 2013. On March 1, 2013, Bitcoin's price was approximately $32, and by March 31 it had risen to $91.95. On-chain data shows that these 4 P2PKH addresses paid a very low cost when initially acquiring these 100 BTC.

Subsequently, just 10 blocks later, at block height 967732, an even earlier wallet moved 100 BTC. This address was created on November 2, 2011, and this time transferred 100 BTC in a single transaction from a P2PKH address to a newer P2WPKH (Pay-to-Witness-Public-Key-Hash) wallet. This batch of Bitcoin was originally acquired at a price of only $3.24 per coin.

These funds were then entirely transferred, with the wallet using the "send all funds at once" function. It is reasonable to infer that the aforementioned 4 transactions, each moving 25 BTC and subsequently consolidated into the same wallet, belong to the same entity. This consolidation transaction ultimately entered a P2WPKH wallet belonging to the custodian BitGo.