A veteran miner opened his 2010 Bitcoin stock, with crypto analysts identifying 100 BTC being transferred from two wallets that had been inactive for more than a decade.
Prior to today’s transaction, the addresses had seen no activity since receiving a 50 BTC Coinbase reward every almost 11 years ago, except for two incoming transactions worth just 0.00000547 BTC each, which were sent to portfolios in the last six months.
The February 25th transaction combined the two mining address exits, indicating that both addresses belong to the same owner. The two blocks were extracted only a few hours apart on June 10, 2010.
Bitcoin is currently trading for $ 49,800, giving the coins a combined value of almost $ 5 million. With BTC trading at $ 0.08 when the coins were extracted, the whale’s holdings increased 622,500 times in value.
Some old currencies have changed today (100 BTC as of June 2010).
It is very rare to see bitcoins from the pre-GPU era move, this has only happened dozens of times in recent years.
And no, it’s probably not Satoshi. pic.twitter.com/0jZXnmWUes
– Antoine Le Calvez (@khannib) February 24, 2021
About half of the coins have been moved to a wallet belonging to the German point-to-point exchange Bitcoin.de, which has been in operation since 2011. For now, the remaining coins are at a newly created legacy address.
Forked altcoins like Bitcoin Cash (BCH) and Bitcoin SV (BSV) have not yet been removed from BTC.
The coins, extracted in blocks 60365 and 60385, are unlikely to belong to Satoshi Nakamoto, who reportedly mined at least 1.1 million BTC.
The currency movement of the 2010 era is an unusual occurrence, with researchers identifying only 18 transactions involving BTC with entries from July 2010 or before 2021 so far.
In May 2020, 50 Bitcoin were transferred from a 2009 mining address, sparking animated speculation that BTC may have belonged to Satoshi.