As bitcoin (BTCUSD) was worth just 78 cents at the time and currently stands at $108,868, the value of those two wallets is now over $1.09 billion each.

In January 2025, Coinbase director Conor Grogan revealed he had identified 430 Bitcoin worth over $45 million in wallets linked to Ulbricht, inactive for over 13 years and never seized by authorities.

The name “wallet” makes it sound like they hold your Bitcoin, just like a physical wallet holds your cash or cards. But in reality, Bitcoin wallets don’t store any coins at all.

Want to keep your Bitcoin private? From peer-to-peer platforms to anonymous wallets, here’s what actually works in 2025.

The bitcoin community was buzzing on Friday after two massive bitcoin wallets were activated after 14 years of silence, to the tune of more than $2 billion in potential profit.