Whale Spends 10,000 BTC Worth $203M, Bitcoins Stem From the Infamous 2011 Mt ...
In two days’ time, bitcoin’s price dropped to fresh August lows as it dipped below the $20K per unit region for the first time since mid-July. During that time, two addresses created on December 19, 2013 sent 10,000 bitcoin worth $203 million to unknown wallets after sitting idle for close to nine years. Onchain data shows the 10,000 coins moved this week originally came from the Mt Gox breach that occurred on June 19, 2011. Whale That Once Held 134,000 Bitcoin From the 2011 Mt Gox Hack Spends the Last 10,000 This Week A 2013 whale moved approximately 10,001.514 BTC on....
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Throughout 2021, a great number of mysterious whale movements from miners who mined bitcoins in the early days have occurred. This week, 1,000 bitcoin from 2010 were transferred, and the miner has spent 11,000 bitcoin since last year. Old school whale movements like these have made some people assume that decade-old coinbase spends could stem from Satoshi Nakamoto. However, even though estimates say Nakamoto mined over a million bitcoin, many other network participants mined millions of coins as well. 2010 Saw CPU and GPU Mining, Alongside Extremely Low Hashrate and Difficulty On June 9,....
On July 12, an old whale from 2012 spent 740 bitcoin worth roughly $26 million at the time of transfer after nine years of choosing not to move the coins. The whale acquired the bitcoin on May 31, 2012, when the stash of crypto was only worth $3,700. Old School Whale Moves 740 ‘Sleeping Bitcoins’ Bitcoiners noticed a whale move 740 bitcoin (BTC) on Monday after the coins sat idle for over nine years. The bitcoin sat for approximately 3,330 days as the BTC was acquired on May 31, 2012. The address saw life in the spring of 2012 and the wallet has been stacking small increments....
Transaction records in the blockchain show that bitcoins mined during the earliest days of Bitcoin have been transacted during the past year - after remaining 'dormant,' for the most part untouched, since being mined between 2009-2011. The bulk of these 67,000 coins (worth $67mil) were transacted during the months surrounding the Bitcoin all-time-high price in November 2013. Speculation has been brewing as to the reasons why these previously 'dead' bitcoins have moved, and, also, who the owners may have been - some saying that there may have been spends by Satoshi himself. Earliest Coins,....
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 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....