A 2013 wallet moved 411 BTC worth $34m, and the fee was 28 cents

A holder who bought 411.45 BTC on 11 September 2013 moved the lot on Sunday at 18:23 UTC. The coins cost about $131 each back then, roughly $54,000 for the position. At $82,746 the same stack is worth about $34m. September 2013 was three months before the first run to $1,000 and five months before Mt. Gox collapsed, so whoever bought held through both.

That is 631 times the money across thirteen years, which compounds to 63.6% a year. Arkham Intelligence flagged the transfer. The buyer paid for those 411 BTC less than the price of a used car and now holds the value of a small office block.

What the move cost

Moving $34m cost 337 satoshis, about 28 cents, or eight ten-millionths of a percent of the sum. A wire of that size involves a negotiated fee and a phone call; here the fee rounds to nothing and nobody asked where the money came from. The sender could have paid a hundred times more and still not noticed.

What the destination says

The coins went from an outdated address format to SegWit, the P2WPKH type, and into a private wallet rather than an exchange. Holders who have sat still for a decade move to newer formats before doing anything else with the coins, so this reads as maintenance. An old address format costs more in fees on every future spend, and after thirteen years that difference adds up faster than the owner's patience runs out.

“Long-dormant holders frequently migrate to upgraded address formats before making any major move”

— CoinDesk, On the pattern of dormant wallets

The old address also collected phishing dust over the years, small deposits sent to bait an address-poisoning mistake, and the owner never sent to the lookalike. Thirteen years of doing nothing is itself a security record most holders cannot match.

What settles next

This is the third wallet of its kind we have measured in two months. In September a whale moved 4,500 BTC after four years at 36.4% below its own peak, and before that a dormant wallet made a $1m round trip and burned the coins by mistake.

What is checkable: whether the 411 BTC reach an exchange address in the coming weeks, which is the signal that separates a sale from housekeeping, and whether the new address stays as quiet as the old one did for thirteen years.

Informational material, not investment advice. A transfer between a holder's own addresses says nothing about an intention to sell, and the price used here was read on 19 October 2026.