2013 Bitcoin Wallet Moves 500 BTC to Bech32 After 12 Years

A bitcoin address created on Nov. 27, 2013 spent 500 BTC into a newly created Bech32 (SegWit) wallet on May 10, 2026, ending 12.5 years of inactivity. Blockchain tracking data shows a total of 11 dormant wallets created between 2013 and 2017 moved 859.13 BTC that day between block heights 948694 and 948822.

The 500-BTC output cleared at block 948822. On May 10, bitcoin traded between $80,500 and $82,458 on exchanges, placing the moved 500 BTC at more than $40 million in market value at confirmation. When the wallet was created in November 2013, bitcoin traded near $923, meaning that stash was worth roughly $461,500 at the time of creation.

Other transfers that day included four 10-BTC moves from wallets established in 2014 and six larger transfers tied to addresses created in 2017 that together shifted 319.13 BTC. One of the 2017-era transactions moved 125.00232012 BTC. The six linked outputs were later consolidated with other unspent outputs into a single Bech32 wallet now holding 594.831 BTC, valued at about $48.88 million at current prices.

Blockchain viewers show the 2013 wallet’s 500 BTC was first sent into a new Bech32 address and then routed through several fresh addresses later the same day. The consolidated 594.831 BTC remains in a Bech32 wallet at the time of reporting. Aggregated tracking data indicates Bech32-format addresses received the full 859.13 BTC moved from the dormant holdings.

No public explanation accompanied the transactions. Monitoring tools did not detect immediate, large-scale selling pressure tied to the transfers after they were confirmed.