Bitcoin wallet dormant since 2011 moves $3.2 million toward FalconX-linked address

MarketsBitcoin wallet dormant since 2011 moves $3.2 million toward FalconX-linked addressThe 50 BTC remained in the receiving address Friday, but that wallet has previously sent funds to FalconX-labeled deposits, leaving open whether the old stash is being reorganized or moved closer to a trading venue.By Shaurya Malwa Aug 7, 2026, 4:50 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowA long-dormant bitcoin wallet that received 49.97 BTC in 2011, when the cryptocurrency traded around $10, moved nearly 50 BTC worth about $3.2 million on Thursday.The coins were sent to a SegWit address that has previously funneled bitcoin to institutional brokerage FalconX and received funds from Nexo and Prime Trust–linked wallets, though the newly moved BTC has not yet left that address.The transfer comes amid heightened security concerns following a major exploit of Coldcard hardware wallets, which has led long-term holders to reexamine old storage setups, but there is no evidence connecting this 2011 wallet to the flaw.A bitcoin wallet that had been dormant since 2011 moved nearly 50 BTC worth about $3.2 million on Thursday, shifting the coins to an address with a history of sending bitcoin to institutional crypto brokerage FalconX.The wallet received the coins on July 16, 2011, when bitcoin traded around $10, and had not spent them since, according to Galaxy Research. The 49.97 BTC position is now worth roughly $3.2 million after surviving more than a decade of bitcoin booms, crashes and exchange failures.The transaction, included in block 961331 at 20:14 UTC on Aug. 6, combined four inputs from the dormant address totaling 49.97 BTC with two smaller inputs from other addresses. Exactly 50 BTC was sent to a SegWit address, while a second output received about 0.00116 BTC after fees.SegWit is a newer Bitcoin address format that makes transactions more space-efficient and generally cheaper to send…

Bitcoin wallet dormant since 2011 moves $3.2 million toward FalconX-linked address

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