Dormant Bitcoin Wallets Wake Up After 16 Years, Moving $6.9 Million
Decrypt ·
Two Bitcoin addresses that had been dormant since 2010 suddenly moved $6.9 million worth of BTC on Friday, bringing two early mining rewards back into circulation after more than 16 years.
Blockchain tracking service Whale Alert flagged the first transfer at 4:08 a.m. UTC on November 13, when 50 BTC worth approximately $3.44 million moved from an address that had not spent its original mining reward since September 2010.
Just over two minutes later, another 50 BTC moved from a separate wallet with an equally long history.
Both transfers involved Bitcoin originally generated through mining, rather than coins purchased on an exchange. Their combined value today was approximately $6,885,068.
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