MediaAuthority.id – A miner from 2010 has opened their Bitcoin stash, a crypto analyst saw 100 BTC transferred from two wallets that were inactive for over a decade.
Prior to today’s transaction, the address had not seen any activity since receiving Coinbase’s 50 BTC reward nearly 11 years ago, except for two incoming transactions worth just 0.00000547 BTC each sent to the wallet in the last six months.
The February 25 transaction combined two mining address outputs, indicating that both addresses belonged to the same owner. The two blocks were mined only a few hours apart on June 10, 2010.
Bitcoin is currently trading at $49,800, giving the coin a combined value of nearly $5 million. If BTC trades $0.08 when the coin is mined, whale holdings have increased in value by 622,500 times.
About half of the coins were moved to wallets belonging to the German peer-to-peer exchange Bitcoin.de, which has been operating since 2011. For now, the remaining coins are kept at the newly created old addresses.
The coins, which are mined in blocks 60365 and 60385, most likely do not belong to Satoshi Nakamoto.
The movement of the 2010-era coin is an unusual occurrence, with researchers identifying only 18 transactions involving BTC with entries from July 2010 or earlier in 2022 so far.
By May 2022, 50 Bitcoins had been moved from the 2009 mining address, fueling speculation that the BTC might belong to Satoshi.