A Bitcoin address dormant since July 2011 transferred 49.97 BTC, worth approximately $3.2 million, on August 6 in block 961 331. These funds had been acquired for around $500 when bitcoin was trading at approximately $10. The round balance of 50 BTC corresponds to a block reward from before the 2012 halving, a typical signature of an early solo miner. The funds were sent to an address that has previously fed deposits to FalconX, but they had not yet reached this platform or any other identifiable exchange by Friday morning, leaving a sale as an unconfirmed hypothesis.
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