Overview
- The wallet that received 49.97 BTC in July 2011 moved those coins Thursday into a SegWit (bc1) address in a transaction recorded in block 961331.
- The transaction combined four inputs from the dormant 2011 wallet with two smaller inputs and sent exactly 50 BTC to the SegWit output while returning about 0.00116 BTC to a second output after fees.
- Arkham’s labeled history shows the receiving address has in prior years routed funds to addresses marked as FalconX deposits and taken funds from wallets labeled Nexo and Prime Trust, but the newly moved coins remained in that address the morning after the transfer.
- The move came as users were moving funds after Coinkite disclosed a Coldcard firmware flaw that exposed some private keys, though there is no on‑chain evidence linking this 2011 wallet to that vulnerability.
- Analysts say reactivated early wallets can mean many things—security upgrades, custody consolidation, staging for sale, or use as collateral—and markets will watch for follow‑up on‑chain signals such as exchange deposits, splits across wallets, or quick routings to broker addresses.