A dormant bitcoin ( BTC) address, first seen on Nov. 12, 2014, and untouched ever since, transferred 165.50 BTC this week at block height 952452. After remaining inactive for more than a decade, the Pay-to-Public-Key-Hash (P2PKH) address reemerged onchain, moving its holdings in a single transaction. The owner decided to move this cache amid bitcoin’s latest price downturn as BTC tapped the lowest value of 2026 on Friday.

At the time, the address‘s entire stash of 165.50 BTC was valued at just $60,738. Even after bitcoin’s recent pullback, those same holdings are now worth approximately $10.2 million, illustrating the dramatic 16,693.44% appreciation accumulated during more than a decade of dormancy.

The 2014 wallet that moved 165.50 BTC. Image source: Mempool.space.

The funds migrated from the original P2PKH wallet through a series of newly created Pay-to-Witness-Public-Key-Hash (P2WPKH) addresses before ultimately settling in a P2WPKH address that now holds 204.67 BTC, valued at approximately $12.6 million.

Following the 2014-era transfer, two wallets dating back to 2017 moved a combined 434.26 BTC. The first transaction took place at block height 952454, transferring 115 BTC valued at approximately $7.1 million from a P2PKH address created on May 9, 2017. The second wallet shifted 319.26 BTC, worth roughly $19.7 million, in a separate transfer. That address too, was first seen on May 9, 2017.

The three large and dormant wallets that moved on June 5, 2026, for the first time since the addresses were first funded and created.

On that day, 9 years and 26 days ago in 2017, BTC was trading at $1,709 per coin, placing the value of the holdings at a fraction of their current worth. The latest movements add to a growing list of dormant-era wallets that have resurfaced in 2026, often drawing attention from onchain analysts and market observers.

While the transfers coincided with bitcoin’s recent price weakness, the transactions themselves offer no indication that the coins were sold, as the funds remain visible in newly assigned addresses. However, they may have been offloaded to an over-the-counter (OTC) desk or temporary address from a custodian.

Of course, the identities behind the wallets and the motivations for awakening holdings that sat idle for nearly a decade remain unknown.

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