A long-dormant Bitcoin (BTC) holding is coming alive, transferring substantial funds after more than a decade of inactivity.

The movement involves 600 BTC valued at approximately $51.90 million at the time of the transfer.

These coins originated from a transaction first received on July 14th, 2012, and remained untouched for 14.2 years until they were moved in block 968116.

The transaction occurred at 07:22 UTC on September 22nd, 2026, from the address 1K6vURxUuK6uUCeXxk31PCyDahAu1raunh.

Galaxy Research highlighted the event on X, noting the realized profit and loss.

“Realized PnL: +$48.71M (+1,063,304% gain) – basis ~$8 avg – held 14.2y.”

This single awakening underscores the ongoing activity in ancient wallets.

The move comes as crypto research firm Glassnode says Bitcoin is showing a bullish on-chain signal.