A Bitcoin address that hasn’t spent a coin in eight years moved 5,908 BTC worth about $383 million on Thursday, data shows.
The wallet recovered the coins when bitcoin traded at around $16,000, a level the market saw in December 2017 and early January 2018, a few weeks after a cycle peak near $20,000.
The stack cost about $100 million then and is worth about $383 million today, a gain of about 284 percent. It was worth $726 million over the lifespan of bitcoin in October 2025.
The date of entry is what makes the detention unusual. Bitcoin fell about 80% through 2018 to nearly $3,200. It recovered to $69,000 in 2021, then crashed to around $15,500 in November 2022, which briefly put this position underwater five years after it was built.
The wallet remained closed then, and again last year when Bitcoin hit $122,000, about seven times the entry price. It opens now, with bitcoin near $64,800 and about half of the 2025 high behind it.
