Nov. 14 (CandyPulse) — Sixteen years ago, someone's computer earned 100 bitcoins, worth about six dollars. Then the coins sat untouched through every boom and crash. On Friday, they moved. Two wallets dormant since 2010 transferred 100 BTC, worth about $6.9 million.
Key takeaways
| Item | Detail |
|---|---|
| Amount | 100 BTC (two wallets, 50 BTC each) |
| Value when moved | About $6.9 million |
| Value when mined | About $6 in total |
| Mined | Sept. 8 and Sept. 19, 2010 |
| Moved | Nov. 13, first at 04:08 UTC, second about two minutes later |
| Sold? | Not confirmed |
| Owner | Unknown |
In 2010, Bitcoin was a hobby project. Anyone could mine it on a home computer, and each new block paid a reward of 50 BTC. These two wallets each held exactly one such reward and never spent it.
Coins from that era are rare, and many are thought to be lost forever because their owners threw away old hard drives or forgot their keys. So when some move, it proves the owner still has access, and people notice.
Not necessarily. A transfer is not a sale. Reports differ on where the coins went: one says part was gathered into a new address holding about 59 BTC with the rest split between three others, while another says they went to one new wallet. Neither describes a direct deposit to an exchange, which is the usual sign of selling.
There are plenty of ordinary reasons to move old coins: upgrading to a more secure wallet, splitting holdings, estate planning, or preparing to sell later. From the outside, they look the same.
In size, no. 100 BTC is small next to a market where ETFs moved $1.44 billion in five days.
The interest is in the timing. These coins woke up the same week Bitcoin broke below $70,000. And it's part of a trend: a similar 100 BTC wallet from July 2010 moved in October, and analytics firm Checkonchain counts about 227,196 BTC from before 2019 becoming active this year. Long-term holders moving coins during a weak market is something traders keep an eye on.
On-chain watchers will track whether any of the 100 BTC reaches an exchange. If it does, a sale becomes likely; if not, this was probably housekeeping.
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Disclaimer: This article is for information only and is not financial advice. Market figures move quickly and different data providers can show slightly different numbers. Always do your own research before making any investment decision.
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