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"Awakened" wallets moved 250 BTC after 15 years
"Awakened" wallets moved 250 BTC after 15 years
Funds from five inactive Bitcoin addresses that have been dormant for over 15 years have come into motion. The wallet owners moved 250 BTC with a total value of about $29.6 million.
According to Lookonchain data, each of the addresses received 50 BTC as a reward for the mined block in April 2010. At that time, mining was in its earliest stage.
All funds have been consolidated into two new SegWit format addresses.
At the time of receiving the coins in 2010, their total value was about 75 cents, based on a price of $0.003 for 1 BTC. The energy costs for mining on the processors of that time were negligible.
On July 17, an inactive whale that hadn’t moved since 2011 "woke up". It transferred 80,000 BTC to eight new wallets.
On July 24, an address associated with an "early" user transferred 3962 BTC to a new wallet.