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Bitcoin wallet dormant since 2013 moves $34M in BTC, signaling security upgrade, not sale.

Market News
19 Oct 2026
Coindesk
View Source
Neutral
Bitcoin wallet dormant since 2013 moves $34M in BTC, signaling security upgrade, not sale.

A Bitcoin wallet inactive since 2013 transferred 411.45 BTC, now worth about $34 million, to a new SegWit address, indicating a security upgrade rather than an imminent sale. The coins were originally acquired when BTC traded at around $131 and held through major market events, increasing over 600-fold in value. This move is part of a broader trend of long-dormant wallets becoming active, but the funds have not been sent to exchanges, suggesting custodial maintenance. The wallet's upgrade to a modern address format enhances security and reduces transaction fees, typical for holders preparing for future financial actions.

As of Oct 19, 2026 13:41 WIB, Bitcoin trades at Rp1.490.944.122 on Pluang, showing a 1.82% gain in the last day. The platform sees a balanced order activity with 59% buying interest, reflecting ongoing engagement despite long-held coins being moved for security upgrades. Bitcoin's market cap stands at Rp30.012,6 trillion, underscoring its dominant position in the crypto market.

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