600 BTC Mined in 2010 Moves After 16 Years of Dormancy
Whale Alert said the 600 BTC were traced to 12 March 2010 block rewards and showed no link to Satoshi Nakamoto, despite renewed speculation.
- On Saturday, twelve addresses moved 600 Bitcoin —valued at about $48 million—after more than 16 years of dormancy, according to onchain data reviewed by Cointelegraph.
- Whale Alert traced the rewards to twelve blocks mined in March 2010, when each block paid a 50 BTC subsidy during Bitcoin's early mining period.
- A spokesperson for Whale Alert told Cointelegraph that research found no connection to Satoshi Nakamoto, tempering speculation about the coins' origins during the period the creator was active.
- The movement attracted attention because the Bitcoin dates to 2010, when Nakamoto remained actively involved in development before withdrawing from the project in 2011.
- Earlier, an onchain analytics platform had identified seven miner wallets that moved 350 BTC after 16.5 years of inactivity, also originating from March 2010 mining rewards.
10 Articles
10 Articles
On-chain tracking identifies movement of 600 BTC mined in 2010600 BTC mined in 2010 and inactive 16 years ago were moved
Satoshi-Era Bitcoin Reactivates After 16 Years as 600 BTC Moves
Coins mined in Bitcoin’s earliest era have finally stirred after more than 16 years of inactivity, prompting fresh speculation that they could be tied to Satoshi Nakamoto. According to on-chain analysis highlighted by Cointelegraph, 12 dormant Bitcoin addresses collectively moved 600 BTC on Saturday—an amount currently valued around $48 million. While the timing has fueled [...]
🚨 Seven Bitcoin wallets from the Satoshi era have become active again after 16.5 years. 📌 A total of 350 BTC was moved from the wallets, with 50 BTC sent from each address. 📊 For now, no direct sell signal has been seen on $BTC because the transfers have not reached exchanges. 🕰️ The most noteworthy point is that the coins come from mining rewards in March 2010. Read More: Seven Bitcoin wallets from the Satoshi era become active after 16.5 y…
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