A Bitcoin wallet containing 500 Bitcoins ($22.1 million) has been activated 9.8 years later, whale watching platform Whale Alert reported. In addition, the Luna Foundation reportedly sent $1.1 billion worth of BTC to another anonymous address ending in 50tv4q.
The sleeping Bitcoin whale woke up nearly 10 years later
According to a tweet by popular crypto watchdog Whale Alert, a Bitcoin wallet containing 500 BTC was activated after 9.8 years. Many users began to speculate as to why the owner of the wallet waited so long to bring it back to life. One of them suggested that they just wanted to delay gratification. Others believe that someone has finally discovered the hard drive or private key that makes it possible to unlock wealth.
As we covered in the cryptokoin.com news, several other legacy cryptocurrency wallets went live earlier this month after years of inactivity. On March 7, a Bitcoin wallet containing 407 BTC ($18.1 million) was activated for the first time in more than eight years.
Old wallets come out of hibernation relatively often, but addresses dating back to the days of Satoshi Nakamoto generally attract more public attention as they may have had a chance to be activated by Bitcoin’s creator himself. Still, there are plenty of cryptocurrencies that will likely never come back. According to a report by Chainalysis, roughly 3.79 million cryptocurrencies need to be lost forever.
Luna Foundation deposits $1.1 billion worth of BTC to another anonymous address
The Luna Foundation reportedly sent $1.1 billion worth of Bitcoin to another anonymous address ending in 50tv4q.
Previously Luna Foundation, $2.2 billion for Bitcoin reserves he had collected. If the wallet does indeed have the funds, it already contains 50% of the proceeds. It is unclear whether the rest of the funds will be transferred to the same wallet or to a different address.
The founder of Terra (LUNA) revealed that the Luna Foundation Guard has raised $2.2 billion to create a private Bitcoin reserve for the UST stablecoin behind the network. $1 billion was raised through a private sale. Recently, the fund’s plan to purchase large amounts of BTC at $125 million per day became known. The total volume of funds purchased has not been disclosed, but will likely be close to $2.2 billion.
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