HomeBitcoin NewsDormant Bitcoin Addresses from 2010 Move $11.8 Million

Dormant Bitcoin Addresses from 2010 Move $11.8 Million

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  • Two Bitcoin addresses inactive since April 2010 transferred 100 BTC ($11.8M at $118,707 per BTC) today.
  • Blocks mined during Satoshi Nakamoto’s active period (pre-block 54,316), but unlikely mined by Bitcoin’s creator.

Two Bitcoin addresses inactive since April 2010 transferred approximately 100 BTC today. Blockchain tracker Whale Alert reported these transactions. The total value exceeded $11.8 million at current prices.

The first address received 50 BTC on April 18, 2010. Bitcoin traded at $0.00547 then. The recent transfer occurred with Bitcoin priced at $118,707. This represents a percentage increase exceeding 2.17 billion. The second address obtained 50 BTC on April 26, 2010. Bitcoin’s price stood at $0.003 that day. The transfer now reflects a gain of roughly 3.957 billion percent.

Whale Alert provided context about the addresses’ origins. Both were active during Satoshi Nakamoto’s known development period. The blocks containing these coins were mined before block 54,316. However, Whale Alert stated the coins likely weren’t mined by Satoshi.

Satoshi Nakamoto’s last verified communication happened in December 2010. He discussed Bitcoin’s security improvements against denial-of-service attacks. The reactivated addresses predate this final public activity.

“According to our research the two 50 BTC dormant address transactions earlier today were mined at the end of the period during which Satoshi [Nakamoto] was active (until around block 54,316). However, it is very unlikely the blocks were mined by Satoshi.”

ETHNews note such movements draw attention. Long-dormant coins entering circulation can influence sentiment. The transfers represent extraordinary value appreciation over fourteen years.

Blockchain records confirm the coins moved to new addresses. The current holders’ identities remain unknown. Bitcoin’s design ensures transaction transparency while protecting user privacy. These events highlight Bitcoin’s longevity as an asset class.

Early participants sometimes realize gains after extended holding periods. The network has continued operating without interruption since 2009.

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628
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