A wallet that acquired Bitcoin for 22 cents per piece was activated yesterday. This “dormant” address had managed to buy Bitcoin at this value and, even more challengingly, to safeguard it. This time, I was indicating a date back to the year 2010. The owner of the address was likely a computer engineer.

Because during those times, Bitcoin was creating a revolution in software, so mostly individuals in those years were the ones realizing the existence of this asset. Indeed, a significant majority of the early Bitcoin investors who are still around today were computer engineers.

A Cold Autumn Night…

On a cold autumn night, precisely on November 10th of the year 2010, the address owner purchased 1000 Bitcoins by spending only 225 dollars. This indicates that they spent a mere 22 cents for 1 Bitcoin, a ridiculously low amount. Following that, just a year later, the address owner added 5 more Bitcoins to their balance by spending a further 6.55 dollars.

After 12 years, the address became active once again. Yesterday at 3:56 PM (UTC), the address transferred all its Bitcoins (1.005 BTC) to another address. However, the purpose of this transfer is still unclear. This is because the transfer did not occur to any hot exchange wallet.

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If the address owner had sold all their Bitcoins at the asset’s all-time high, they could have reached an amount of exactly 67 million dollars. However, they haven’t sold until this time.

Judging by the exhibited patterns of activity, this address, being one of the earliest adopters of the Bitcoin network, is unlikely to sell for an even longer duration. The wallet that acquired Bitcoin for 22 cents might have even been stolen.

If you’d like to examine the wallet: wallet adress

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