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Bitcoin wallet dormant since 2011 moves $3.2 million toward FalconX-linked address
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- DeepHorus
A bitcoin wallet that had been dormant since 2011 moved nearly 50 BTC β worth about $3.2 million β on Thursday, to an address with a history of sending funds to crypto brokerage FalconX. The wallet received 49.97 BTC on July 16, 2011, when bitcoin traded around $10, according to Galaxy Research, and had not spent since.
The transaction landed in block 961331 at 20:14 UTC on Aug. 6, combining four inputs from the dormant address with two smaller inputs. Exactly 50 BTC went to a SegWit address, while a small output received about 0.00116 BTC in change. The destination is not new: Arkham data shows it previously sent 6.336 BTC and 16.131 BTC to FalconX-labeled deposits, and has received funds from Nexo and Prime Trust-linked wallets.
As of Friday morning, the 50 BTC remained at the address. There is no on-chain evidence the coins have reached an exchange or been sold. Dormant early-wallet movements attract attention because the holder's original cost is minuscule compared with today's price, though any transfer can signal a wallet upgrade, custody change, or sale preparation.
The move comes a week after Coldcard hardware wallet maker Coinkite disclosed a firmware flaw that could expose private keys. Attackers have swept as much as $114 million from vulnerable wallets since July 30, according to Coinkite. No evidence links the 2011 wallet to that exploit, but the news has prompted long-term holders to recheck old storage setups, potentially accelerating dormant-coin movements.
Whether the 2011-era holder plans to sell, consolidate, or simply move to safer custody remains unclear. The coins' continued presence at the intermediate address leaves the door open to any outcome. For now, the transfer serves as a reminder that even bitcoin's oldest stashes can suddenly resurface, often with no warning.
