Home   >     Industry    >     Main body

    Bitcoin whale from 2010 moves 100 BTC for first time in 11 years

    Abstract:A Bitcoin whale from 2010 has been spotted moving 100 BTC that laid dormant for over a decade.

      Cyrus McNally

      1 hour ago

    Bitcoin whale from 2010 moves 100 BTC for first time in 11 years

      Blockchain analysts have identified 100 BTC mined in June 2010 that were moved for the first time today.

      5896 Total views

      25 Total shares

      Listen to article



      A veteran miner has cracked open their 2010 stash of Bitcoin, with crypto analysts spotting 100 BTC being transferred from two wallets that had laid dormant for more than a decade.

      Prior to todays transaction, the addresses had not seen any activity since receiving a 50 BTC Coinbase reward each nearly 11 years ago, except for two incoming transactions worth just 0.00000547 BTC each that were sent to the wallets in the last six months.

      The Feb. 25 transaction combined the two mining address outputs, indicating both addresses belong to the same owner. The two blocks were mined only a couple of hours apart on Jun. 10, 2010.

      Bitcoin is currently trading for $49,800, giving the coins a combined value of nearly $5 million. With BTC trading for $0.08 when the coins were mined, the whales holdings have increased in value by 622,500 times.

      Some old coins moved today (100 BTC from June 2010).

      It's very rare to see pre-GPU era bitcoins move, it only happened dozens of times in the past few years.

      And no, it's probably not Satoshi.

    — Antoine Le Calvez (@khannib) February 24, 2021

      About half of the coins were moved to a wallet belonging to German peer-to-peer exchange, which has been in operation since 2011. For now, the remaining coins are sitting in a newly created legacy address.

      Forked altcoins such as Bitcoin Cash (BCH) and Bitcoin SV (BSV) have not yet been peeled from the BTC.

      The coins, mined in blocks 60365 and 60385, are unlikely to belong to Satoshi Nakamoto, who is suggested to have mined at least 1.1 million BTC.

      The movement of 2010 era coins is an uncommon occurrence, with researchers identifying just 18 transactions involving BTC with inputs from July 2010 or before in 2021 so far.

      In May 2020, 50 Bitcoin moved from a 2009 mining address, triggering excited speculation the BTC may have belonged to Satoshi.

    • #Bitcoin
    • #Satoshi Nakamoto
    • #Transactions
    • #Germany


      Editors Choice

    • Bitcoin whale from 2010 moves 100 BTC for first time in 11 years
    • Ethereum on track to settle $1.6 trillion this quarter
    • Price analysis 2/24: BTC, ETH, BNB, DOT, ADA, XRP, LTC, LINK, BCH, XLM
    • As Visa and Mastercard raise fees, merchants may look to crypto
    • Cross-chain bridges and DeFi integration are pushing these 3 altcoins higher

      Cointelegraph YouTube Subscribe

      Advertise with us

      Bitcoin BTC/USD

      50,043.68 -1.18%

      Ethereum ETH/USD

      1,593.61 -3.06%

      Litecoin LTC/USD

      180.09 -1.17%

      Ripple XRP/USD

      0.47 -4.81%


      3.82 -4.57%