2013-Era Bitcoin Whale Moves 500 BTC Worth $40M After 12 Years Dormant

The Bitcoin network saw the reactivation of a legacy wallet created on November 27, 2013, with its owner transferring 500 BTC valued at more than $40 million to a new Bech32 (Segwit) address on May 10, 2026. The move executed while BTC traded between $80,500 and $82,458 on Bitstamp, placing the holding near record-high valuations.

The 500 BTC position appreciated roughly 86.5x since its purchase in November 2013 at $923 per coin — an initial cost basis of approximately $461,500 that is now worth more than $40 million. The transfer was not isolated: reports tracked 11 dormant wallets collectively moving 859.13 BTC worth $69.47 million across blocks 948694–948822 the same day.

Reactivations from 2013-era wallets are a notable market signal, revealing a distribution pattern among long-term holders at all-time-high levels. Traders are watching the U.S. Consumer Price Index (CPI) release on May 13, which may determine whether this wave of liquidations marks the start of a broader corrective trend or simply localized profit-taking ahead of another leg higher.

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