After 12 years of lull, an exciting transaction just took place in Bitcoin on Thursday, May 11, 2023. A bitcoin wallet created in 2011 transferred 139.7 Bitcoin, valued close to $3.7 million. It was the only transaction of its kind from an age-old wallet in this year, adding up to a grand total of 1,125.37 Bitcoins sent from dormant wallets of the similar age.

The wallet receiving the Bitcoin still holds the funds as of May 12, 2023, and had been given Bitcoin worth 134.669 back when it was created on June 19, 2011, marking one of its first transactions in Bitcoin. This was followed with a fractional deposit of 5.04 BTC, and several small deposits called 'dust transactions' worth a tiny fraction of 0.00000547 BTC each.

The Bitcoin transaction, while sizable, only secured a privacy score of 45 out of 100 according to Blockchair's Privacy-o-meter tool. This is because there was a communication of the entire balance to another address, along with a multiple appearance of the same address in the inputs. Experts note that these issues can be solved by monitoring applications examining the linked transactions. Nonetheless, the equivalent bitcoin cash of the wallet has not been spent yet.

The recent Bitcoin transaction is a testament to how traders are still exploring trading opportunities with Bitcoins, even after a decade. Despite the small privacy score, transactions such as these provide security, much-needed liquidity and variety in the Bitcoin network when concluded. Investors are also still eyeing vintage wallets from age-old markets and are looking out to benefit from the condition they are in.



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