Summary: On March 3, 2025, six bitcoin addresses created in 2011 transferred approximately 250 BTC, worth around $23 million, for the first time in 12 years. The transfers occurred at various block heights throughout the day, with the earliest wallet transferring 55 BTC to a modern segwit address. Other wallets moved BTC to addresses connected to 3IQ Corp. and Revolut. Additionally, 101.97 BTC from a legacy wallet established in 2013 ended up in a deposit address with Kraken. This activity suggests that old bitcoins are being sent to third parties and centralized exchanges for safekeeping or liquidation, with a total of 351.97 BTC moving for the first time in over a decade.



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