600 BTC Mined in 2010 Moves After 16 Years of Dormancy
Whale Alert said the 12 mining rewards were worth about $48 million and found no connection to Satoshi Nakamoto.
- On Saturday, 12 dormant Bitcoin addresses moved a combined 600 BTC worth about $48 million after more than 16 years of inactivity, according to onchain data reviewed by Cointelegraph.
- This movement reignited speculation regarding a potential link to Satoshi Nakamoto, as the coins date to March 2010 when the pseudonymous creator was still actively involved in Bitcoin development.
- Whale Alert identified the 600 BTC originated from rewards mined across 12 blocks, finding no connection to Nakamoto despite initial reports from Whale AlertLookonchain identifying seven miner wallets moving 350 BTC.
- Tracing the transfers, Whale Alert observed one reward moved several blocks before the others, suggesting a test transaction preceded the remaining transfers and confirming the blocks paid a 50 BTC subsidy.
- Since these coins were earned, the Bitcoin mining subsidy has been cut in half four times, falling from 50 BTC to the current 3.125 BTC per block as of April 2024.
18 Articles
18 Articles
Seven Bitcoin addresses, each containing 50 BTC mined in March 2010, have been revived after more than 16 years of inactivity. These wallets have seen their value increase nearly 8 millionfold during this period… The article "7 Bitcoin Addresses Awaken After More Than 16 Years of Dormancy" first appeared on Cryptoast.
Bitcoin's price continues to trade below $80,000 today, while blockchain data shows that 600 BTC held by whales have been moved after 16 years of dormancy.
600 Bitcoin Mined in 2010 Move After More Than 16 Years
What Happened To The Dormant Bitcoin? Twelve Bitcoin addresses holding a combined 600 BTC moved their coins on Saturday after remaining inactive for more than 16 years, drawing attention because the assets were mined during Bitcoin’s earliest period. The transferred Bitcoin was worth roughly $48 million at the time of the movement. Blockchain tracking platform Whale Alert traced the coins to 12 separate mining rewards generated in March 2010, wh…
Bitcoin Whale Shifts 1,260 BTC as 75 Casascius Coins Are Peeled
Following the 2010 dormant bitcoin wallets that shifted 600 vintage BTC from the Satoshi-era, another whale with a wallet first created in 2016, shifted 1,260.77 BTC worth over $100 million at block height 965770. Decade-Old Bitcoin Stash Turns Into $100 Million Fortune At first, September was witnessing a slowdown of dormant bitcoin moves in comparison […]
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