Dormant Bitcoin wallet moves $383M after more than 8 years
A Bitcoin wallet that had remained inactive for more than eight years has transferred 5,908 BTC worth about $383 million, reviving another long-dormant holding as traders continue tracking large onchain movements. According to blockchain analytics platform Lookonchain, citing Arkham data, the wallet identified as “138EM…ReyiT” moved the entire 5,908 BTC balance to a new address at 7:15 p.m. ET on Wednesday. The coins remain in the recipient wallet, with no signs that they have been sent to a cryptocurrency exchange. A #BitcoinOG transferred 5,908 $BTC($382.67M) to a new wallet after being dormant for 8 years. The OG received 5,908 $BTC 8 years ago when $BTC was trading at $16,865 and had held it ever since. The position is now up $283M (+284%).https://t.co/x77s7oSDhC pic.twitter.com/bw4dUN7y13 — Lookonchain (@lookonchain) July 16, 2026 Arkhams data showed the wallet originally received the Bitcoin in December 2017, when BTC traded near $16,800. The holdings were worth about $99.6 million at the time, compared with roughly $383 million at current market prices. The timing of the original purchase makes the wallet notable. The holder kept the coins through Bitcoin‘s nearly 80% decline in 2018, its rally to almost $69,000 in 2021, the subsequent fall to around $15,500 in late 2022, and the record









