Bitcoin Owner Turns $324 Stack Into $8 Million After Nearly 15 Years

Two long‑dormant Bitcoin wallets moved large sums on September 19, 2026, as the price of BTC approached $82,000. One wallet, created on November 2, 2011, transferred 100 BTC—now worth over $8 million—while a set of four wallets from early 2013 each sent 25 BTC to a BitGo‑controlled address.

2011 Wallet: From $324 to $8 Million

The 2011 address, a Pay‑to‑Public‑Key‑Hash (P2PKH) wallet, was first funded when Bitcoin traded at $3.24 per coin. The owner’s cost basis for 100 BTC was roughly $324. At block height 967732, the entire balance was swept to a new Pay‑to‑Witness‑Public‑Key‑Hash (P2WPKH) address, valued at more than $8 million at current rates. Blockchair reports a privacy score of 55/100 for the original address.

2013 Miner Wallets: Consolidation to BitGo

Four separate P2PKH wallets, each created in February or March 2013, moved 25 BTC each in a single transaction at block height 967722. The combined 100 BTC were sent to a P2WPKH address identified as belonging to the custodial service BitGo. Blockchair assigns a privacy score of about 60/100 to this sweep. On‑chain analysis suggests the funds originated from block rewards mined in March 2013, and similar batches have been sent to BitGo since August 2025.

Unrealized Gains and Market Context

The 2011 wallet’s unrealized gain exceeds 2,469,000 %, while the 2013 miner’s holdings show an unrealized gain of roughly 250,000 %. Both moves occurred as Bitcoin traded near $81,000–$82,000, a level some observers view as a potential market top.

Open Questions

It is unclear whether the newly created 2011 address will sell the coins or hold them long‑term. The BitGo‑controlled address is a known custodian and has not been linked to any exchange or OTC dealer, leaving the ultimate disposition of the 2013 miner’s funds uncertain.