A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Moved on Fr...
While the price of bitcoin is holding above the $21K per unit range, four bitcoin block rewards mined in 2010 were spent for the first time in over 11 years. The four block rewards were mined between September and October 2010 and the 200 bitcoin worth $4.27 million were transferred to an unknown wallet. 4 Consecutive Block Rewards Spent on June 24, Data Suggests Spends Were Executed by a Single Entity A large number of so-called ‘sleeping bitcoins’ have awoken from slumber as four block rewards were spent at block height 742,183. The old coins spent on Friday were block....
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On Nov. 11, amid the confusion concerning troubled crypto companies like FTX and Blockfi, 3,500 ‘sleeping bitcoins’ from a wallet created on Oct. 7, 2011, moved for the first time in over 11 years.
$60 Million Worth of 11-Year-Old Bitcoins Move Amid the Crypto Market Rout
A large string of so-called ‘sleeping bitcoins’ moved on Friday morning (ET) after remaining idle for more than 11 years. The 3,500 BTC worth over $60 million stemmed from seven different BTC addresses created on Oct. 7, 2011. It is the first large string of decade-old sleeping....
On November 7 at around 12:37 a.m. (EST), another string of so-called ‘sleeping bitcoins’ were moved for the first time since 2010. The peculiar movement stemmed from 20 blocks from 2010 with approximately 1,000 BTC spent ($15.5 million) in a single block. **Update 10:20 a.m. EST: Seven hours prior on Nov. 6, 2020, a 2010 coinbase reward mined on July 29, was transferred. This block reward, if included with the 20 block rewards spent at block height 655,788, the tally would make a total of 21 spent block rewards. The last coinbase reward strings spent in mid-March and....
Over a half a million dollars worth of bitcoin from a May 2010 coinbase reward was transferred to Bitfinex on October 1. A parser recorded the old coins being spent and since mid-February 2020, roughly 33 so-called ‘sleeping bitcoin addresses’ from ten years ago have been spent to-date. Interestingly, 20 out of the 33, 2010-issued rewards moved this year were spent the day before ‘Black Thursday.’ Earlier this week, the software program, Btcparser, recorded an old coinbase reward from 2010 getting spent on Thursday, after the 50 bitcoins sat dormant for over a....
On December 27, at around 2 a.m. in the morning (EST), another large string of decade-old sleeping bitcoins was transferred. The miner spent 20 block rewards that were originally mined in 2010, and also spent the corresponding bitcoin cash block rewards as well. The bitcoins moved are worth well over $27 million using today’s exchange rates. **Update: At approximately 3:10 p.m. (EST) at block height 663,241 another 2010 block reward was spent, making it an aggregate total of 21 decade-old block rewards on December 27, 2020. Most strings of 2010 spent blocks this year have been....
On January 10, another strange string of 20 bitcoin block rewards from 2010 was spent after sitting idle for over ten years. The spending of 1,000 decade-old bitcoins worth over $39 million today, follows the recent string of 1,000 units transferred on the 12th anniversary of Bitcoin’s genesis block launch. Seven days ago an old-school miner spent 20 block rewards from 2010 that held approximately 1,000 decade-old bitcoins. The interesting spending took place on January 3, 2021, on the 12th anniversary of the Bitcoin network’s start. Following that string of 2010 block rewards....