In 2010, an experienced miner penetrated his bitcoin supply and crypto analysts discovered that 100 BTC had been transferred from two wallets that had been inactive for more than ten years.
Prior to today’s transaction, addresses were inactive since receiving a Coinbase bonus of 50 BTC each nearly 11 years ago, except for two incoming transactions totaling 0.00000547 BTC each sent to wallets in the past six months.
The February 25 deal merged the two mining exit addresses, indicating that both addresses belong to the same owner. The two blocks were mined several hours away on June 10, 2010.
Bitcoin is currently trading at $ 49,800, giving the coins a total value of roughly $ 5 million. When BTC was trading at $ 0.08, when the coins were mined, the whale’s stock increased in value by 622,500 times.
Nearly half of the coins have been transferred to a wallet owned by the German exchange Bitcoin.de, which has been in operation since 2011. Currently, the remaining coins are in the newly created inheritance address.
Forked altcoins like Bitcoin Cash (BCH) and Bitcoin SV (BSV) have not been cleared of BTC.
The mined coins in blocks 60365 and 60385 are unlikely to belong to Satoshi Nakamoto, who is believed to have mined at least 1.1 million Bitcoins.
Currency movement since 2010 is unusual: so far, researchers have identified only 18 transactions involving BTC with data from July 2010 or earlier in 2021.
In May 2020, 50 Bitcoins moved from the 2009 mining title, sparking enthusiastic speculation that BTC may have belonged to Satoshi.