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The User Managed to Exchange 616 Bitcoins Stored for Nearly 9 Years for $25.58 Million

By: Maksim Panasovskiy | 22.09.2021, 02:07

An unknown cryptocurrency owner was able to sell from an old wallet 616 BTC, which had been stored on it for almost nine years.

A user invested in the cryptocurrency in 2012. At the time, the value of one coin was around $6.67. Last Saturday, September 19, he sold all 616 Bitcoins for $29.58 million at the exchange rate at the time of the transaction.

???????? A dormant address containing 616 #BTC (29,470,042 USD) has just been activated after 8.8 years (worth 6,667 USD in 2012)!https://t.co/tr6lgToZPO
- Whale Alert (@whale_alert) September 19, 2021

Note that similar situations have already happened this year. For example, another anonymous person in summer sold 740 Bitcoins, which were bought 10 years ago at about $5 each. He ended up with $26.1 million.

Source: Twitter

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